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LSDefine

Simple English definitions for legal terms

par item

Read a random definition: capitulation

A quick definition of par item:

Par Item: A par item is a part of something bigger, like a piece of a puzzle. It can also refer to a document that promises to pay money, like a check. When a bank sends a par item to another bank, they don't charge any fees. In writing, an item is a small part of a bigger section, like a sentence in a paragraph. In ancient Rome, an iter was a way for people to travel through someone else's land on foot or horseback. It was like a path that people were allowed to use.

A more thorough explanation:

Definition: Par item refers to a piece of a whole, which may or may not be separated. In commercial law, it can also refer to a negotiable instrument or a promise or order to pay money handled by a bank for collection or payment. It does not include a payment order governed by division 11 of the UCC or a credit- or debit-card slip. An item that a drawee bank will remit to another bank without charge. In drafting, it is a subpart of text that is the next smaller unit than a subparagraph.

  • An invoice for a purchase may have several items listed, such as the cost of each item, the quantity purchased, and the total cost. Each of these is a par item.
  • A check that is deposited into a bank account is a par item that the bank will handle for collection or payment.
  • A legal document may have several levels of subparts, such as sections, subsections, and items. An item is the next smaller unit than a subparagraph.

These examples illustrate how a par item is a smaller part of a larger whole. In commercial law, it refers to a specific type of negotiable instrument or payment order that a bank will handle. In drafting, it is a way to organize and structure legal documents.

Paris Industrial Property Convention | parium judicium

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im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
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