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LSDefine

Simple English definitions for legal terms

bearer security

Read a random definition: counterdeed

A quick definition of bearer security:

A bearer security is a type of document that shows ownership or creditor relationship with a company or government. It can be a stock, bond, or other type of investment. The value of a bearer security depends on the financial condition of the company or government that issued it. It is important to keep bearer securities safe because whoever holds the document is considered the owner.

A more thorough explanation:

A bearer security is a type of security that represents ownership or creditor rights in a company or government. It is called a "bearer" security because whoever holds the physical certificate is considered the owner or creditor.

For example, a bearer bond is a type of debt security that is not registered in the owner's name. Instead, whoever holds the physical bond certificate can claim the principal and interest payments.

Another example is a bearer share, which is a type of stock that is not registered in the owner's name. Instead, whoever holds the physical share certificate is considered the owner and can claim any dividends or voting rights.

Bearer securities can be risky because they can be easily lost or stolen, and whoever holds the physical certificate can claim ownership or creditor rights. However, they can also be convenient for investors who want to remain anonymous or transfer ownership without going through a formal registration process.

bearer instrument | bear hug

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General

General chat about the legal profession.
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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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