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LSDefine

Simple English definitions for legal terms

bought note

Read a random definition: Solicitor General

A quick definition of bought note:

A bought note is a piece of paper that shows someone bought something. It's like a receipt that a broker gives to the person who bought something through them. A note can also be a promise to pay someone back money. It's like when you borrow money from a friend and promise to pay them back later. A note is a way to make that promise official and written down. There are different types of notes, like ones that have to be paid all at once or ones that have small payments over time. Some notes are backed up by things like property or stocks, while others are not.

A more thorough explanation:

A bought note is a written memorandum of a sale delivered to the buyer by the broker responsible for the sale. It is a type of promissory note, which is a written promise by one party to pay money to another party or to bearer.

For example, if a broker sells stocks to a buyer, they will provide a bought note to the buyer as proof of the sale. The bought note will include details such as the date of the sale, the price of the stocks, and any other relevant information.

Bought notes are important because they provide evidence of a transaction and can be used as proof of ownership. They are also useful for record-keeping purposes and can be used to track the history of a particular asset.

bought and sold notes | boulevard rule

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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