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Simple English definitions for legal terms

paper standard

Read a random definition: l'acte de l'état civil

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

General

General chat about the legal profession.

General >T14 Off Topic

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CynicalOops

15:18

Those are fun

llama

15:19

https://www.youtube.com/shorts/VbGulV8GS28

[] cheriebomb

15:23

what if I started flexing again

cheriebomb

15:24

that might be too much

llama

15:33

can we see ur mod badge?

[M] cheriebomb

15:41

just for u sweetie pie

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

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