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Simple English definitions for legal terms

10-Q

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A quick definition of 10-Q:

10-Q: A report that a company files with the Securities and Exchange Commission (SEC) every three months to provide unaudited financial information. This report is less detailed than the annual 10-K report. It is also known as Form 10-Q.

A more thorough explanation:

Definition: A 10-Q is a financial report that a registered corporation files with the Securities and Exchange Commission (SEC) every quarter. It is unaudited, which means that it has not been reviewed by an independent auditor. The 10-Q provides a summary of the company's financial performance for the quarter and is less detailed than the annual report, which is called a 10-K.

Example: Let's say that XYZ Corporation is a publicly traded company that is required to file reports with the SEC. At the end of the first quarter of the year (March 31), XYZ Corporation would file a 10-Q report with the SEC. This report would include information about the company's revenue, expenses, profits, and losses for the quarter. It would also include a balance sheet, which shows the company's assets, liabilities, and equity at the end of the quarter.

Explanation: The example illustrates how a 10-Q report is used to provide investors and other stakeholders with information about a company's financial performance. By filing a 10-Q every quarter, a company can keep its investors informed about its financial health and any significant changes that have occurred since the last report. This information can help investors make informed decisions about whether to buy, sell, or hold onto the company's stock.

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General chat about the legal profession.
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babycat
17:42
@HopefullyInLawSchool: was talking about the guy who said he wasn’t here for banter, not you!
babycat
17:44
the poet must not avert his eyes
HopefullyInLawSchool
17:45
I was refencing the popular meme that's become a critically acclaimed talk pod cast, "Talk Tuah," which yes I am an avid listener of.
babycat
17:46
https://www.instagram.com/reel/DCW1ILZv-4z/ I like these guys
initiallaw
17:47
@info-man: I got my ii the day after that happened to me… not saying that’s what’s gonna happen butttt
HopefullyInLawSchool
17:47
Any fellow Hawk Tuahers in the chat?
windyMagician
17:48
as in we engage in the practice or we're fans?
HopefullyInLawSchool
17:48
either or
HopefullyInLawSchool
17:49
I for one enjoy a hawk tuah on my tally wacker
17:50
@initiallaw: appreciate it! i guess we'll see. don't think my current score's high enough to net me an II but i would certainly love to be wrong
HopefullyInLawSchool
17:50
check this out on reddit we gottem
HopefullyInLawSchool
17:50
look at the comments
windyMagician
17:51
nice
babycat
17:52
I guess I don’t understand why you need to specifically spit on it if you already have a wet mouth but I’m open to being convinced otherwise
babycat
17:53
Is spitting on it just for hand jobs?
snow
17:53
tf is going on in the chat rn
windyMagician
17:54
i heard guys like it when it's sloppy so spitting on it helps
HopefullyInLawSchool
17:54
Typically yes just for hand jobs
what if you have a dry mouth
so sad
JumpySubsequentDolphin
17:56
so true waspy
windyMagician
17:56
that's why they invented flavored lube
looking into this
babycat
17:57
I don’t really do hand jobs. I just feel like if you want a hand on your dick you can do that yourself, you don’t need me for that
windyMagician
17:57
that part
JumpySubsequentDolphin
17:57
but things feel better when others do them
snow
17:57
its different
snow
17:58
^
JumpySubsequentDolphin
17:58
like i can give myself a massage but it’s nicer when someone else does it for me
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