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LSDefine

Simple English definitions for legal terms

assessable stock

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A quick definition of assessable stock:

Assessable stock is a type of stock that can be sold by the issuer if the holder doesn't pay any assessment levied on it. Stock is a part of a company that represents ownership and gives the holder the right to participate in the company's management and share in its profits. Assessable stock is different from non-assessable stock, which means the holder's liability is limited to the amount paid for the stock and cannot be charged additional funds to pay the issuer's debts.

A more thorough explanation:

Assessable stock is a type of stock that can be resold by the issuer if the holder fails to pay any assessment levied on it. This means that if the company needs more money, they can charge the stockholders an additional amount, and if the stockholder doesn't pay, the company can take back the stock.

For example, if a company needs to raise more money, they may levy an assessment on their assessable stock. If a stockholder fails to pay the assessment, the company can take back the stock and sell it to someone else who is willing to pay the assessment.

Assessable stock is not commonly used today, as most stocks are non-assessable, meaning that the stockholder's liability is limited to the amount paid for the stock and they cannot be charged additional funds to pay the issuer's debts.

assessable security | assessed valuation

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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
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
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