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LSDefine

Simple English definitions for legal terms

notation credit

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A quick definition of notation credit:

Notation credit is a type of letter of credit that requires anyone purchasing or paying a draft or demand for payment made under it to note the amount of the draft or demand on the letter. A letter of credit is an agreement between a bank and a customer, where the bank agrees to honor a draft or other demand for payment made by a third party (the beneficiary), as long as the draft or demand complies with specified conditions. There are different types of letters of credit, such as commercial, standby, and documentary, each with its own specific requirements and purposes.

A more thorough explanation:

A notation credit is a type of letter of credit that requires anyone purchasing or paying a draft or demand for payment made under it to note the amount of the draft or demand on the letter. This type of credit is often used in commercial transactions.

For example, if a company purchases goods from a supplier using a notation credit, the supplier must note the amount of the payment on the letter of credit when they receive it. This ensures that the payment is properly recorded and accounted for.

Overall, notation credits are a useful tool for ensuring that payments are properly documented and tracked in commercial transactions.

notary seal | note broker

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13:13
that is probable i just have a funny where i say “berk today” every single day
2big2fail
13:13
makes sense
@JumpySubsequentDolphin: TODAY IS OUR DAY also 1pm est or pst?
JumpySubsequentDolphin
13:14
YEAHHH SPLITTY. also PST
yo mama jokes will never not be funny
everyone trying to YM each other but no JM... damn :/
AHAHAHAAH
i'm lying in wait dw
if no gtown today i'm crashing out so bad yall don't even know
i will not be racist or say slurs tho unlike Some people
how bad on a scale of wild- evol bunny
HAHAHAH
BulbasaurNoLikeCardio
13:20
Evol bunny said they are dropping out and done with LS, they are too good for it so likely will never see the melt downs again
Dkk
13:20
@SplitterusClitterus: 11:22:24 PST, so in about an hour.
Dkk
13:21
Adios EvolBunny then
yall saw the shit at gtown rn w the pregnant 2l
Dkk
13:22
@HopefullyInLawSchool: Lol
babycat
13:22
we have one local rep who didn’t get reelected bc she went on a podcast and said some crazy shit about jewish people
insane
13:22
@HopefullyInLawSchool: that is so unfair its insane that people have to go through that
theres a student that is literally having a baby and the admin denied her request for a test extension, and told her to come in the day after she gave birth to take the exam w her baby
come in the DAY AFTER SHE GIVES BIRTH
W HER BABY
13:23
saw that, crazy that she cant just hold the fucker in for a day longer
LMFAO
babycat
13:23
gulc going to hell I’m so serious
glovediedthisishismom
13:24
thats definetly horsey on an alt
glovediedthisishismom
13:24
no way any professor did that
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