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LSDefine

Simple English definitions for legal terms

protest fee

Read a random definition: policy loan

A quick definition of protest fee:

Protest fee: A fee that a bank or financial institution charges when they cannot collect money from an item, like a check.

A more thorough explanation:

Definition: A protest fee is a charge imposed by a bank or other financial institution when an item, such as a check, is presented for payment but cannot be collected due to insufficient funds or other reasons.

Example: Let's say you write a check for $500 to pay your rent, but you don't have enough money in your account to cover it. When your landlord tries to deposit the check, it bounces, and the bank charges you a protest fee for the failed transaction.

Another example: You receive a check from a client for $1,000, but the check is returned due to a stop payment order. The bank charges you a protest fee for the inconvenience and additional processing required to handle the returned check.

These examples illustrate how a protest fee is a penalty charged by a bank or financial institution when a payment cannot be processed due to insufficient funds or other issues. It is important to keep track of your account balance and ensure that you have enough funds to cover any checks or other payments you make to avoid incurring protest fees.

protest certificate | prothonotary

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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