Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

TAB

Read a random definition: order instrument

A quick definition of TAB:

Term: TAB

Definition: TAB is short for Tax-Anticipation Bill. This means that it is a type of loan that a government takes out in anticipation of receiving tax revenue. It helps the government to have money available to pay for things before they actually receive the tax money.

A more thorough explanation:

TAB

TAB is an abbreviation for Tax-Anticipation Bill. It is a short-term borrowing instrument that a government issues to finance its operations before the tax revenue is collected.

For example, a city government may issue TABs to pay for ongoing expenses such as salaries, utilities, and maintenance while waiting for tax revenue to come in. The TABs are usually repaid with the tax revenue collected.

Another example is a school district issuing TABs to fund a new building project. The TABs allow the district to start the project before the tax revenue is collected, and the TABs are repaid with the tax revenue collected.

The examples illustrate how TABs are used by governments to finance their operations or projects before the tax revenue is collected. TABs are a way for governments to bridge the gap between their expenses and revenue and ensure that they can continue to provide services or fund projects. TABs are a common financial instrument used by governments at all levels, from local to federal.

T. | table

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
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
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
ClassyPleasantHeron
10:01
The "date changes" at Michigan really don't mean anything. We had to do them in undergrad admissions whenever a Georgia applicant picked the country instead of the state, because we'd have to remove the TOEFL requirement and reassign the application from the international application readers.
soapy
10:06
Classy, does that mean they may look at your application, and that look doesn't necessarily trigger any date change?
1a2b3c4d26z
10:06
Man
1a2b3c4d26z
10:07
Walkin to the bus
1a2b3c4d26z
10:07
What a good day to get into law school
ClassyPleasantHeron
10:11
@soapy: I don't know for sure about the law school. For undergrad, once the application is complete, it's assigned to a reader the following Monday. If we had to make any changes, it's because a reader saw something that needed to be changed and the application needed to be re-read after that change.
soapy
10:12
Ahh, got it. Thank you for the insight!
ClassyPleasantHeron
10:14
You're welcome. FWIW, I have no idea what's up with the address changes. We didn't have to do any of that, except for the Georgia state vs country kinds of things.
soapy
10:15
I've heard it theorized that some schools will change the address from "St." --> "Street" as they prepare to send out admissions packets. That's the rumor, anyways.
i think it just indicates a change in status like under review or stages of review
my stanford address went long as soon as it was marked complete lmao
soapy
10:25
I saw some Reddit adcom say that they can see any time we refresh the status checker; I wonder if it's a red flag if an applicant's checked it like 50 times in a day?
soapy
10:25
Also, can we send another LoR to a school that we've already applied to?
soapy
10:26
Or another essay?
LSD+ is ad-free, with DMs, discounts, case briefs & more.