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Simple English definitions for legal terms

allotment certificate

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A quick definition of allotment certificate:

Term: ALLOTMENT CERTIFICATE

Definition: An allotment certificate is a document that shows how many shares of a company someone has agreed to buy, how much they will pay for them, and when they will make the payment. It is like a receipt for buying shares.

A more thorough explanation:

Definition: An allotment certificate is a document that records the important details of a subscription of shares. It includes information such as the number of shares to be purchased, the price to be paid, and the payment and delivery schedule.

Example: When a company decides to issue new shares, it may offer them to the public for purchase. Investors who want to buy these shares will fill out a subscription form and send it to the company along with the payment. Once the company receives the subscription form and payment, it will issue an allotment certificate to the investor. This certificate confirms that the investor has been allotted a certain number of shares at a specific price.

Another example: Let's say a company is issuing 1,000 new shares at $10 per share. An investor decides to buy 100 shares and sends a payment of $1,000 along with the subscription form. The company will then issue an allotment certificate to the investor, stating that they have been allotted 100 shares at $10 per share, and that the payment has been received.

The examples illustrate how an allotment certificate is used to confirm the purchase of shares and record important details of the transaction.

allotment | allotment note

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22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
9:42
My name is renard99 and I just sent @babycat feet pics
glovediedthisishismom
9:42
nobody is at the office today they should let little glovey go home and watch harry potter
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