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Simple English definitions for legal terms

backadation

Read a random definition: OPRA

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.

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General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

m10

11:58

Nah nah she would not like that. She is conservative.

BulbasaurNoLikeCardio

11:58

Tell her you just got over a cold and if she wants to try and steal your germs its on her but no one likes being sick so hopefully she is chill

m10

11:59

We will see. This is enough feedback. Thank you all.

Mostlylegal

12:00

tell her you wanna test and see if your immune systems are compatible, that gets the ladies going

m10

12:00

Lol, maybe

babycat

12:00

lmao when you give the republican baddie the ick by masking up

Eggan

12:01

LOL

Dkk

12:02

Just part of the culture.

BulbasaurNoLikeCardio

12:04

I wish that wearing a mask when sick stuck around as an okay thing like it is in the rest of the world, not all of us have enough sick days to be ditching work.

Dkk

12:04

Unless its like an N95 i dont think it will really do anything

Eggan

12:04

there's even a mask ban in some places. altho one of my coworkers wears a mask anyway despite customers being rude to her about it

ChowieBean

12:05

good morning

ChowieBean

12:05

why does umiami ask "Are you applying, or have you applied, to other law schools? If so, please list them."

BulbasaurNoLikeCardio

12:05

One manager came in sick wearing a mask, got roasted and stopped wearing it that day. The entire office has been cycling sickness for two weeks now. It may not be super effective but it may help in slowing the spread during meetings when we have to be so close

riordanker

12:05

am i the only one who has never gotten my status checker to work on here?

BulbasaurNoLikeCardio

12:06

@ChowieBean: want to see what schools they share an applicant pool with, think it is all data harvesting stuff no a +/- for the applicant

ChowieBean

12:06

ok good cuz idk whether i wanna tell them or not

ChowieBean

12:06

thanks bulbasaur

Eggan

12:08

not to be that guy again but berkeley person/applicant id is back and Shiny New Logo

WelfareIsACat

12:08

be that guy

jackfrost11770

12:09

EW THE NEW LOGO IS SO UGLY

jackfrost11770

12:09

WTF

ChowieBean

12:09

need to send in my berkeley app rawwwww

BulbasaurNoLikeCardio

12:09

@ChowieBean: should be required to tell them, the schools who asked I only told them the schools in their area not all of them.

BulbasaurNoLikeCardio

12:10

*shouldnt be

Eggan

12:12

@jackfrost11770: if i get a berk A today and they have that logo im withdrawing (/s /s /s /j /j /j)

babycat

12:12

@ChowieBean: me too lol. you applying to public interest scholars program?

ChowieBean

12:14

yes def applying public interest

ChowieBean

12:16

i was raised like blocks away from umiami

ChowieBean

12:16

idk if i wanna go back to florida tho so im applying there as safety/target 💀

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