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LSDefine

Simple English definitions for legal terms

medium of exchange

Read a random definition: National Federation of Independent Business v. Sebelius (2012)

A quick definition of medium of exchange:

A medium of exchange is something that people agree to use as payment when they buy or sell things. It is something that is recognized as having a certain value and can be used to buy other things. Money is an example of a medium of exchange.

A more thorough explanation:

A medium of exchange is something that is widely accepted as payment in a transaction and is recognized as a standard of value. It is a way to exchange goods and services without having to barter or trade directly.

For example, money is a common medium of exchange. When you go to a store and buy something, you give the cashier money in exchange for the item. The money is recognized as a standard of value and is widely accepted as payment for goods and services.

Other examples of mediums of exchange include credit cards, checks, and cryptocurrencies like Bitcoin. These are all forms of payment that are widely accepted and recognized as a standard of value.

Overall, a medium of exchange is an important part of our economy as it allows for the exchange of goods and services to occur more easily and efficiently.

medium impedimentum | medium tempus

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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