LSDefine

Simple English definitions for legal terms

lawful money

Read a random definition: Ginnie Mae

A quick definition of lawful money:

LAWFUL MONEY: Lawful money is the type of money that the government says is okay to use to pay for things. It can be coins or paper bills that we use to buy things we need or want. It's different from other types of money that might be stored on a computer or traded like a commodity. Lawful money is what we use to pay our debts and buy things we need.

A more thorough explanation:

Lawful money refers to the currency that is authorized or adopted by a government as part of its official currency. It is the money that is recognized as legal tender for the payment of debts.

Coins and paper currency issued by the government
Demand deposits that can be easily converted to cash
Investment capital that is traded as a commodity in the money market

These examples illustrate how lawful money can take different forms, including physical currency and digital assets that can be easily converted to cash. They are recognized as legal tender and can be used to pay off debts and obligations.

lawful man | lawful process

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 14 👎

llama

15:43

woah so much swagger with dat 'm;

Dkk

15:47

@shaquilleoatmeal: more like, blow my back out by the bay boston instead of back bay boston.

llama

15:48

https://www.urbandictionary.com/define.php?term=Chad%20Thundercock

Dkk

15:48

Indeed, the legendary man himself.

cheriebomb

15:49

I would go to blow my back out by the bay boston

llama

15:50

lift with ur back not your legs, its better to have a blown back than two bad legs

CynicalOops

15:53

Blow and back day out by boston bay

cheriebomb

15:59

so true

Dkk

16:03

Of course. Man sad Ricky Henderson died. That was my favorite athlete of all time.

windyMagician

16:10

is it dumb that I rlly want to go to Mich even tho I have a full ride to umn

llama

16:12

no-value as a consumer often means more than the price

Dkk

16:15

@windyMagician: Nah michigan is better than UMN

Dkk

16:15

My sister just officially graduated, yay!

llama

16:16

awesome @Dkks sister

llama

16:16

prolly named veronica or sarah

windyMagician

16:16

@Dkk: for public defense tho?

windyMagician

16:16

Sarah in the bathroom

texaslawhopefully

16:17

@windyMagician: not at all. Michigan is also very generous with aid, so if you get enough it makes perfect sense to take it.

windyMagician

16:17

fuck okay

windyMagician

16:17

going to my dream school is crazy

KnowledgeableRitzyWasp

16:18

michigan also has better options if you do PD for 10 years then want to do something else

windyMagician

16:19

also would love to clerk for my federal district court even tho I know its hella competitive, I think mich sets me up better?

llama

16:20

would be a great point to bring up when ur deciding / visiting each place- see what recent placement looks like

texaslawhopefully

16:23

For fed clerkships by far Michigan places better. I think it’s like 14-15 percent

windyMagician

16:25

sticker debt is high-key scary tho

texaslawhopefully

16:26

I’m sure you’ll get good merit aid though. Look at Michigan’s 509 report. They’re very generous.

cheriebomb

16:34

i am going to wait patiently into january to get into a law school

cheriebomb

16:34

then i will start tweaking

texaslawhopefully

16:42

January could not come any sooner

cheriebomb

16:54

i hope you guys all have a very lovely holiday season

LSD+ is ad-free, with DMs, discounts, case briefs & more.