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Simple English definitions for legal terms

respondent bank

Read a random definition: estoppel per rem judicatam

A quick definition of respondent bank:

A respondent bank is a type of bank that holds securities on behalf of beneficial owners and deposits them for safekeeping with another bank or entity that exercises fiduciary powers. It is a financial establishment that deals with the deposit, loan, exchange, or issue of money and the transmission of funds. A bank is a place where people can keep their money safe and also borrow money when they need it. A respondent bank acts as an agent for another bank or engages in an exchange of services with that bank in a geographical area to which the other bank does not have direct access.

A more thorough explanation:

A respondent bank is a financial establishment that exercises fiduciary powers, holds securities on behalf of beneficial owners, and deposits the securities for safekeeping with another bank, association, or other entity exercising fiduciary powers. For example, a mutual fund company may use a respondent bank to hold the securities of its investors.

Another example of a bank is a commercial bank, which is authorized to receive both demand and time deposits, engage in trust services, issue letters of credit, rent time-deposit boxes, and provide similar services. A national bank is a bank incorporated under federal law and governed by a charter approved by the Comptroller of the Currency. A savings bank makes primarily home mortgage and some other consumer loans, receives deposits and pays interest on them, and may offer checking accounts.

Overall, a bank is a financial institution that provides various services related to money, such as depositing, loaning, exchanging, or issuing money, and transmitting funds. Banks are regulated by state or federal banking authorities and are supervised and examined to ensure their compliance with the law.

responde book | respondentia

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11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
ambitiouslizard
11:24
he lost his re-election, why would he win this one?
1a2b3c4d26z
11:25
I have no idea why people have so much beef w berkeley's app
I've been reading a bit about "herding," which is this idea that pollsters are making the race look tied so they look right no matter who wins.
1a2b3c4d26z
11:26
Like... it's a more involved app but you don't have to do it? They're clearly trying to have some self-selection go on
I 100% agree with the self selection, I also am not even close to touching the medians there. However I think the huge PS plus the video and especially the very specific criteria for the why Berkeley essay is pretty crazy
I'm curious, how bold can one be in those videos? Is it worth making a satirical Jason Statham-action short if the adcoms have no sense of humor?
the more risk you take the higher chance of it backfiring
my instinct would be low humor bc if they have such a complex application I would feel hesitant to use a major part of it as a joke. They clearly take their admissions seriously and a joke video might convey the wrong thing at the wrong time. I think that humor is best put into a PS anecdote where it adds some shine to your personality
safe is always better
All good points
triplethread
11:34
@TheAdoptedOne: amazing
I almost did one for Vanderbilt and my idea was to do a documentary-style vid where I and others talked about me like it was an ESPN 30 for 30.
1a2b3c4d26z
11:36
I was risky in maybe one or two of my essays in that some parts read as slightly humorous, but I really tried to suss out the vibe for each school. I feel like Berk and UMich may be more accommodating of a more "out there" approach than other schools I applied to
1a2b3c4d26z
11:37
but that's literally just going off vibes
it looks like Berk vid is in response to a known prompt. My thinking is it may be a counter to AI by getting people to have to respond to what is essentially an essay prompt but on video
"I think really it’s more the USNWR change that emphasizes employment outcomes in school rankings. Schools want to admit people who have the skills to be more likely to land great jobs even more than before, and being a good interviewer is a very important for that. They want to see you have the soft skills." from a reddit comment
1a2b3c4d26z
11:38
One funny thing when talking to lawyers at work is that they will always say how they wish more law schools had interviews to make sure you can like... talk to people and form sentences
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