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Simple English definitions for legal terms

American-style option

Read a random definition: lex domicilii

A quick definition of American-style option:

An American-style option is a type of financial contract that gives the holder the right, but not the obligation, to buy or sell an underlying asset at a predetermined price before a specified expiration date. The holder can exercise this option at any time before the expiration date, unlike a European-style option which can only be exercised on the expiration date.

The Americans with Disabilities Act is a law that makes it illegal to discriminate against people with disabilities in employment, public services, and public accommodations. A disability is defined as a physical or mental impairment that limits a major life activity, such as seeing, hearing, walking, or working. The law applies to both private and government entities, but not to private employers with fewer than 15 employees.

A more thorough explanation:

Definition: An American-style option is a type of financial contract that gives the holder the right, but not the obligation, to buy or sell an underlying asset at a predetermined price, at any time before the option's expiration date. This type of option can be exercised at any time during its lifetime, unlike a European-style option which can only be exercised on its expiration date.

Example: Let's say you buy an American-style call option on a stock with a strike price of $50 and an expiration date of December 31st. This means you have the right to buy the stock at $50 per share at any time before December 31st. If the stock price rises to $60 per share before the expiration date, you can exercise your option and buy the stock at the lower price of $50 per share, then sell it for a profit of $10 per share.

This example illustrates how an American-style option gives the holder more flexibility and control over when to exercise their option, compared to a European-style option which can only be exercised on its expiration date.

Definition: The Americans with Disabilities Act (ADA) is a federal law that prohibits discrimination against individuals with disabilities in employment, public services, and public accommodations. A disability is defined as a physical or mental impairment that substantially limits one or more major life activities, such as seeing, hearing, walking, or working.

Example: An example of the ADA in action would be a company providing reasonable accommodations for an employee with a disability, such as providing a sign language interpreter or modifying their work schedule. This ensures that individuals with disabilities have equal opportunities and access to employment.

This example illustrates how the ADA protects individuals with disabilities from discrimination and ensures they have equal access to opportunities and services.

American Stock Exchange | AMEX

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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