Warning

Info

LSDefine

Simple English definitions for legal terms

backadation

Read a random definition: responsive verdict

A quick definition of backadation:

Backadation is a term used in the world of securities. It refers to a situation where the seller of securities pays a fee to the buyer so that the buyer will allow delivery after the original delivery date. This is also known as backwardation or an inverted market.

A more thorough explanation:

Definition: Backadation is a term used in securities trading that refers to a fee paid by the seller of securities to the buyer to allow delivery after the original delivery date. It is also known as backwardation or inverted market.

Example: Suppose a seller has agreed to deliver a certain number of securities to a buyer on a specific date. However, due to unforeseen circumstances, the seller is unable to deliver the securities on the agreed-upon date. In this case, the seller may offer to pay a fee to the buyer to allow delivery after the original delivery date. This fee is known as backadation.

Explanation: The example illustrates how backadation works in securities trading. When a seller is unable to deliver securities on the agreed-upon date, they may offer to pay a fee to the buyer to extend the delivery date. This fee compensates the buyer for the delay in delivery and allows the seller to fulfill their obligation at a later date.

back | backberend

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
18:44
fuck me
18:44
i hope i am remembering it way worse
18:44
lmao yeah i think in most circumstances you shouldn’t cancel cuz they might assume the score is worse than it was
18:45
remembering the lsat?
18:45
yur
18:45
I’ve been doing that too you’ll be fine
18:45
i just saw that some kids a year below me in high school are starting at good ass schools too fuckkk
18:46
what are good ass schools to you?
18:46
do u have a dream school?
18:46
well i saw one is at fordham and one is at upenn and ik fordham isnt t14 but its better than temple and villanova
18:47
dream is duke
18:47
ooh interesting choice why Duke?
18:48
i got into fordham and so did the dumbass I was dating for like two months it’s not that hard
18:48
by which I mean if they let him in I don’t trust their standards
18:49
my dad went to duke law so i have been a fan forever
18:49
Duke is fun. I took a trip there when I was 19 or so. Really good time when I was a young rapscallion.
18:49
and ik i just dont think i gave myself enough time for a guaranteed 170+ performance
18:49
I didnt see if anyone answered my UGA question. Did anyone answer it?
18:53
@Dkkm11: are you not still a young rapscallion?
19:00
Nah, I am gray-bearded wizard.
19:02
Hmmm. I guess that’s okay.
19:03
Honestly, idk what I would call myself these days. Will probably not know until I can reflect on this part of my life which will be idk, in like 5 years when I am 32.
19:06
Does your life come in 5 year epochs typically?
19:06
Someone told me a while ago that I was probably molested as a kid because I don’t really have any clear memories of my childhood. But I don’t think I was.
1a2b3c4d26z
19:10
Inside thoughts!
19:10
this is where I post my inside thoughts
19:11
Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
19:12
Yeah, my life really does flow in about 5 years periods.
19:12
My crypto also flows in 5 day epochs too.
19:16
what do you do with your days as an unemployed crypto guy? do you play an instrument or something
LSD+ is ad-free, with DMs, discounts, case briefs & more.