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LSDefine

Simple English definitions for legal terms

soft currency

Read a random definition: de natura brevium

A quick definition of soft currency:

A soft currency is a type of money that is not backed by reserves, which means its value can change quickly and unpredictably. This is different from hard currency, which is backed by reserves like gold and silver. Soft currency can be risky to use because its value can decrease rapidly, making it less valuable for buying goods and services. Examples of soft currency include some types of digital currency and certain currencies used in developing countries.

A more thorough explanation:

Definition: Soft currency is a type of currency that is not backed by reserves, which makes it subject to sudden changes in value.

  • The Zimbabwean dollar is an example of soft currency. In 2009, the government had to abandon the currency due to hyperinflation, which caused its value to plummet.
  • The Venezuelan bolívar is another example of soft currency. In recent years, the country has experienced high inflation rates, which have led to a significant devaluation of the bolívar.

These examples illustrate how soft currency can be unstable and unpredictable, which can make it difficult for people to use it as a reliable medium of exchange.

SOF | soft dollars

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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