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Simple English definitions for legal terms

paper standard

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A quick definition of paper standard:

A paper standard is a type of monetary system where the currency is not backed by gold or other precious metals. It is based entirely on paper. This is different from the gold standard, where currency is convertible into gold.

A more thorough explanation:

Definition: A monetary system that is based entirely on paper currency and is not convertible into gold or other precious metals. This is in contrast to the gold standard.

Example: In the United States, the paper standard was adopted in 1971 when President Nixon ended the convertibility of the US dollar into gold.

Explanation: This means that the value of the US dollar is not backed by gold or any other precious metal, but rather by the faith and credit of the government. This can lead to inflation and other economic issues if not managed properly.

papers | paragium

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cumsock

10:49

i burn worse

shaquilleoatmeal

10:49

deficiencies are one thing, what scares me the most is if i ever became antibiotic resistant

GreyCeaselessMammoth

10:50

i'm going again to egypt this summer, i think it'll be my last time for a while, at least until after law school

PuppyBot

10:50

i wonder if renard is going to get me that snowglobe from paris

GreyCeaselessMammoth

10:50

@JumpySubsequentDolphin: my cousins wife is palestinian, their wedding was so cool. it was neat learning about the palestinian wedding traditions

PuppyBot

10:50

prob not :/

Mostlylegal

10:51

I tan super well, its a wild blessing being eastern european and doesnt make much sense

llama

10:51

@Mostlylegal: same. During end of summer i am darker than some black ppl

JumpySubsequentDolphin

10:51

@GreyCeaselessMammoth: hehe my brother’s wife is Egyptian. but omg I love palestinian weddings. did they have a zaffeh/dabke group perform

Mostlylegal

10:51

I used to get called hispanic a lot, same for my mom

llama

10:52

o well we all the same race

Mostlylegal

10:52

one love

llama

10:52

<3

Mostlylegal

10:53

its so obvious when someone is dragging their feet at work and it kills me, i hate it so much

jackfrost11770

10:54

mostly legal tan slav gang rise uo

jackfrost11770

10:54

we are a select few

Mostlylegal

10:54

fr fr, that kazakh blood is def doing it for you

CurvyHypnoticSheepdog

10:54

@Mostlylegal: same but i’m brown so i just get browner

jackfrost11770

10:54

yeah haha also my dad grew up in odessa

lilypadfrog

10:54

cramping up at work. i don’t even care anymore

jackfrost11770

10:55

so anything south russia is like basically tropical climate lmfao

shaquilleoatmeal

10:55

5 mins till lilly gets mich

Mostlylegal

10:55

@jackfrost11770: no kidding, ive been, my mom is from lviv

jackfrost11770

10:55

ive never been always wanted to go, maybe sometime in the future :(

cumsock

10:56

who tf be searching be on linkedin

cumsock

10:57

me*

lilypadfrog

10:58

me

BulbasaurNoLikeCardio

10:58

I do, you are cute in the profile pic

lilypadfrog

10:58

im looking up cumsock on linkedin

PuppyBot

10:59

guys manifest my period

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