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LSDefine

Simple English definitions for legal terms

American-style option

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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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shaquilleoatmeal
19:49
Better to be prepared than not, otherwise it always happens when you don’t prep
shaquilleoatmeal
19:50
Yea did it a week and half ago, told us we won’t hear anything until end of December if we’re lucky, most likely first week of jan
shaquilleoatmeal
19:50
Said no one works after Monday this week and no one works week of Christmas
shaquilleoatmeal
19:50
So holiday takes time away from app review
snow
19:54
True @shaq and do it jumpy!!
20:06
Hi everyone! Decided a bit too late that I wanted to go into law. GPA currently stands at 3.76 (one more semester to go) and I'm interested in going into immigration law. Anybody got any advice for LSAT studying and applications? I plan on taking a gap year to have some time for internships and such :)
snow
20:08
Apply for the LSAT fee waiver to try to mitigate the cost of materials! 7Sage is $1 for a year if you have the fee waiver. I also think you should try to work in an immigration firm in some way to see if it’s something you really want to pursue and to add to your resume. Good luck!!! One tip I would also give is to not sign up for the LSAT until you’re practice tests average are around the score you’re aiming for
snow
20:08
Your*
snow
20:08
You got this! :)
madollyy
20:09
thank you snow <3
Dkk
20:15
@madollyy: use LSAT Demon!
Dkk
20:16
Watch their youtube channel too
madollyy
20:23
Would an internship through CHCI help my application as well?
Dkk
20:29
@madollyy: It would help as a soft but the big focus should be GPA while you can and LSAT right now. I would say GPA is 40% of the app, LSAt 50% and everything else 10%.
snow
20:31
I agree with dk ^
madollyy
20:31
Got it, thank you. I don't think there is much I can do for my GPA now since I only have 1 semester left for ug but I definitely will be studying my butt off for the LSAT.
Dkk
20:32
Nice!
madollyy
20:32
I really appreciate your advice, guys <3 Wishing you luck on your endeavors!
JumpySubsequentDolphin
20:32
@madollyy: is that your CAS GPA?
madollyy
20:33
That's what's on my transcript! I haven't done that one yet tbh. I get mostly A's, some B's. Got dragged down a bit too much from one D in my first semester though ><
JumpySubsequentDolphin
20:34
do you have any A+’s? that could help your gpa!
JumpySubsequentDolphin
20:36
bc LSAC recalculates A+ to 4.3
madollyy
20:39
Noo :( Unfortunately. I'm surprised that I don't, there were definitely some classes that I remember scoring 98-100% but it doesn't show on my transcript
madollyy
20:41
Acutally
madollyy
20:41
My university does not list A+
JumpySubsequentDolphin
20:42
yeah my university’s the same way, so frustrating! still a great GPA and with a killer LSAT score you’ll be good to go :)
JumpySubsequentDolphin
20:42
if you have the means, I’ve heard private tutoring is the way to go
madollyy
20:44
Fingers crossed! I mean I'd be so so glad to go to law school period, but I am a bit of an overachiever. Dream is Berkeley rn, but I'm of course happy to go anywhere that lines up with my plans. And is kind enough with scholarships lol
madollyy
20:44
I'll have to see if my parents are willing to support that. I'm living on my own but ik if it'd help me they'd be willing to help
JumpySubsequentDolphin
20:47
who knows, you might not even need a tutor! Take a diagnostic and see where you stand :)
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