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Simple English definitions for legal terms

share-draft account

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A quick definition of share-draft account:

A share-draft account is a type of bank account that a person has at a credit union. It works like a checking account, and the person can use share drafts to pay for things. It's called a share-draft account because the person is also a member of the credit union and has a share in it.

A more thorough explanation:

A share-draft account is a type of account that a member maintains at a credit union. It works like a checking account at a bank, and the member can use share drafts to pay third parties. The account is also known as a share account.

Example: John is a member of a credit union and has a share-draft account. He uses his share drafts to pay his rent, utilities, and other bills. The credit union deducts the amount from his account and pays the bills on his behalf.

This example illustrates how a share-draft account works. The member can use share drafts to pay bills, and the credit union deducts the amount from the account.

share draft | shared residency

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Mr. Bad Fumbla
Bag
Dkk
16:01
Commits to kys when I commit to kms the same day. What a crazy november 5th.
[] baddestbunny
16:02
kms isn't even a t50 you should r&r
does anyone ever think about how we have no idea who everyone else here is? like you guys dont know me at all thats so crazy cause i talked to you more than ppl irl today
i'm a hallucination
the hat man
HopefullyInLawSchool
16:03
isnt r&r a t50?
keep popping benadryls and ill stay online
law school chat roulette
[] baddestbunny
16:04
living out the plot of the movie unfriended in the yale invite-only webinar
You were only invited to round out the numbers anyway lol
Dkk
16:05
I'm too old to r&r, just gunna kms rn.
Dkk
16:05
Gotta get this show on the road.
Dkk
16:05
Lmfao
JumpySubsequentDolphin
16:05
washu stop emailing me while I’m waiting for a decision challenge
[] baddestbunny
16:05
I'm not in their webinar I just thought it would be a funny thing to have happen
[] baddestbunny
16:05
bc I have a sense of whimsy and imagination
Ah, youre a worm gorl'
shaquilleoatmeal
16:07
battle of the bunnies
How bout dat ASU wave
letsseehowitgoesnow
16:08
bunny hows it looking out there?
[] baddestbunny
16:08
I just think it's weird when a make a joke about everyone in the yale webinar being tortured by a malevolent spirit and someone says you only got invited to round out the numbers
why
go off queen
[] baddestbunny
16:09
which number am I rounding out? 5'4 women who deserve to be tortured?
someone invited to the yale webinar would get it
[] baddestbunny
16:10
if you don't get invited to the yale webinar canada sends you an email letting u know you qualify for MAID
what's that
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