LSDefine

Simple English definitions for legal terms

backwardation

Read a random definition: FSBO

A quick definition of backwardation:

Backwardation: When someone sells something but needs more time to deliver it, they may have to pay a fee to the buyer. This fee is called backwardation. It's like a penalty for not delivering on time.

Backwardation is often used in the securities market, where buyers and sellers trade stocks and bonds. If a seller can't deliver the securities on the agreed-upon date, they may have to pay backwardation to the buyer. This helps ensure that the buyer doesn't lose money because they couldn't get the securities they wanted when they wanted them.

Overall, backwardation is a way to make sure that transactions are fair and that everyone gets what they need. It's like a way of saying "sorry" when things don't go according to plan.

A more thorough explanation:

Definition: Backwardation is a fee paid by the seller of securities to the buyer to allow delivery after the original delivery date.

For example, if a seller of oil futures contracts cannot deliver the oil on the agreed-upon date, they may pay a fee to the buyer to extend the delivery date. This fee is known as backwardation.

Another example is in the stock market. If the price of a stock for future delivery is lower than the current price, it is said to be in backwardation. This means that investors are willing to pay a premium to receive the stock now rather than in the future.

Backwardation is a way for sellers to avoid defaulting on their delivery obligations and for buyers to receive compensation for the delay in delivery.

back-to-work agreement | backward integration

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

LawDeke

10:33

checking in on Wake Forest. Y'all heard anything?

LSDFan

10:34

@m10 are you FLEP

m10

10:34

@LSDFan: nah lol, I am just using my GI Bill. I do not feel like going back.

LSDFan

10:34

good call

BulbasaurNoLikeCardio

10:34

@m10: 110% agree, china has a truly amazing HUMINT network and espionage skills that much of our military is infiltrated or committing willful negligence of duty in prevent and protection. @babycat: PSYOP is pretty small on the AD side but I left the community to go play with Apaches and drones in 2018/19

milktoast

10:35

Daily check in , stay chillin

Mostlylegal

10:35

anyone touring hls today?

FormerLN

10:35

Same @m10

glovediedthisishismom

10:35

https://open.spotify.com/track/5Ss6DqCldgTmIo6BekVOJT?si=2f204de5813148d7

Mostlylegal

10:36

also my softs are bordering t3-t2. would it be worth for me to R+R if im trying for t4

soap

10:36

Maybe see where you get in, then R&R if you feel it’s necessary?

m10

10:36

Psyop guys will try and convince you they are like secret masterminds. I had this one guy whose wife would call me every week and she would tell me about how her husband just like disappeared and could not be found cus he was a specialy trained psyop officer. I found his phone number and called him the same day online. That woman was gaslit so hard.

babycat

10:37

is t4 HYSC? yeah prob your odds are not too great for those with 3.7 and 171 unless you’re really extraordinary

WorthlessAttractiveZombie

10:37

I agree with soap on this one, just wait it out and see where you get into. You could always transfer (although I wouldn't go in with the intention of transferring)

soap

10:37

Transferring is hard and you don’t get money. I wouldn’t do anything with the intent of transferring

[] texaslawhopefully

10:38

Disagree with the transfer. But, yeah a 3.7, 171 is not HYSC material—so unless you’re a Rhodes scholar, or something it is highly unlikely.

JumpySubsequentDolphin

10:38

did he mean t14

JumpySubsequentDolphin

10:38

I’ve never heard anyone call it t4 hahah

JumpySubsequentDolphin

10:39

I thought it was always t6 and t3

soap

10:39

If you’re aiming for T14, that’s definitely doable

Mostlylegal

10:39

nah t4 is a thing, maybe old ive been on lsa and lsd for like 4 years now lol

m10

10:39

Fuck this all reminds me. I got to call and see if I am still being deposed.

JumpySubsequentDolphin

10:40

@Mostlylegal: oh oops hehe

BulbasaurNoLikeCardio

10:40

@m10: most of PSYOP are guys who failed SFAS and Ranger so much so they can't go back and think being SOCOM makes them SF. I loved the cultural side of it all, going to embassies and running influence operations. Doing KLEs and training with foreign militaries was amazing. Learned so much about the world by talking to those who live all over it. Then got lucky and worked with a Marine HIT overseas and would tag along when they kidnapped people to do some stuff lol The rest of the time was a lot of reports and KLEs

babycat

10:40

t4 is a concept being perpetuated by Big Chicago

soap

10:41

Chicago rejected me in undergrad, so I have beef

shaquilleoatmeal

10:41

Was there an hls ii wave yesterday?? Didn’t go online at all and feel out of the loop lmfao

m10

10:42

@BulbasaurNoLikeCardio: Did not know that but it makes sense. That sounds like a cool career. I would have liked to have done that too. I really would have just liked to have gone OCONUS once.

m10

10:44

I was talking to this 88H in a bar last weekend and he had some wild story about being interrogated by the FBI and CIA and shit to get a top-secret clearance or something so he could drive a forklift around Europe, Korea, and Africa. It sounded like a bunch of bullshit to me but do you know if something like that could be true?

babycat

10:45

@shaquilleoatmeal: yeah so I’ve heard

LSD+ is ad-free, with DMs, discounts, case briefs & more.