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LSDefine

Simple English definitions for legal terms

American Stock Exchange

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A quick definition of American Stock Exchange:

The American Stock Exchange is a place where people can buy and sell parts of companies, called stocks. It is located in New York City and follows rules to make sure everything is fair and legal. It is known for trading stocks of smaller or newer companies because the rules for being listed are not as strict as other stock exchanges. People often call it AMEX or ASE for short.

A more thorough explanation:

The American Stock Exchange (AMEX or ASE) is an organized stock exchange located in New York City. It is a self-regulating organization under the Securities Exchange Act of 1934 and is engaged in national trading of corporate stocks.

The AMEX often trades in the securities of young or small companies because its listing requirements are less strict than those of the New York Stock Exchange. This means that companies that are not yet established or are smaller in size can still have their stocks traded on the AMEX.

For example, a startup company that has recently gone public may choose to list their stocks on the AMEX instead of the NYSE because they do not meet the NYSE's stricter listing requirements. This allows the company to still have their stocks traded on a national exchange and potentially gain more visibility and investors.

American Society of Writers on Legal Subjects | American-style option

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General

General chat about the legal profession.
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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
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
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