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LSDefine

Simple English definitions for legal terms

time deposit

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A quick definition of time deposit:

A time deposit is when you give your money to a bank for a specific amount of time. You can't take the money out until the time is up or you give the bank notice. It's like giving your money to the bank to keep it safe and earn interest.

A more thorough explanation:

A time deposit is a type of bank deposit where the money is kept in the bank for a specific period of time or requires notice before withdrawal. This is different from a demand deposit, where the depositor can withdraw the money at any time without prior notice to the bank.

For example, if you put $1000 in a time deposit for 6 months, you cannot withdraw the money until the 6 months are up. If you need the money before then, you may have to pay a penalty or lose some of the interest earned.

Another example of a time deposit is a certificate of deposit (CD), which is a type of savings account that earns a higher interest rate than a regular savings account but requires the money to be kept in the account for a specific period of time.

Overall, time deposits are a way for banks to secure funds for a set period of time and offer higher interest rates to depositors in return.

time check | time draft

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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