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Simple English definitions for legal terms

tax-anticipation note

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A quick definition of tax-anticipation note:

A tax-anticipation note is a type of promise to pay money that is issued by state or local governments to help pay for things they need right away. It's like borrowing money and promising to pay it back later when they get tax payments from people and businesses. It's a short-term loan that helps governments get the money they need quickly.

A more thorough explanation:

A tax-anticipation note is a short-term obligation issued by state or local governments to finance current expenditures. It usually matures once the local government receives individual and corporate tax payments. Tax-anticipation notes are abbreviated as TAN.

For example, a city government may issue a tax-anticipation note to pay for immediate expenses, such as salaries or infrastructure projects, before the tax revenue is collected. Once the tax revenue is received, the government uses it to pay off the tax-anticipation note.

Tax-anticipation notes are a way for governments to manage their cash flow and ensure that they have enough money to cover their expenses. They are generally considered safe investments because they are backed by the government's ability to collect taxes.

tax-anticipation bill | tax-anticipation warrant

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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?
10:30
i'll allow it
soapy
10:31
<3 thanks Fart Butt
1a2b3c4d26z
10:31
If I get rejected by a school bc I check my statuses during work then it wasn’t meant to be
10:32
cautionary tail re reddit posts: https://www.youtube.com/watch?v=5jZAQAuqSfs
How else will they know we fuck
Need to know aboot 6 pack abs
How many 666 people apply?
lolololol
soapy
10:34
Ah that's frightening
@triplethread
Why? LOL
soapy
10:35
The adcoms recognize you and will deny you is frightening, lmaoo. Not the abs thing XD
10:36
they browse LSD?
soapy
10:37
Wouldn't be shocked if so; isn't this the biggest law school forum outside of Reddit?
10:37
i gotta change my username
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