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LSDefine

Simple English definitions for legal terms

call

Read a random definition: verba jactantia

A quick definition of call:

Call: To ask for something or to use an option. In legal terms, calling an option means choosing to buy an asset at a certain price. Calling in debt means asking for payment. Calling a meeting means starting the meeting.

A more thorough explanation:

Definition: Call generally means to request or to use an option. In legal context, call has different meanings:

  • A person “calls” an option when they choose to use a call option for buying an asset. For example, if a person has a call option to buy 100 shares of a company at $50 per share, they can "call" the option and buy the shares at that price.
  • A person calls in debt owed to them from someone by requesting payment. For instance, if someone owes you money, you can "call" them and ask them to pay you back.
  • The Speaker of the House calls a meeting to order. This means that the Speaker starts the meeting and asks everyone to pay attention and follow the rules.

These examples illustrate how "call" can be used in different contexts, but they all involve making a request or using an option.

California | call option

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General chat about the legal profession.
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Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
9:42
My name is renard99 and I just sent @babycat feet pics
glovediedthisishismom
9:42
nobody is at the office today they should let little glovey go home and watch harry potter
Dkk
9:49
Lmfao, Gross
Dkk
9:49
@glovediedthisishismom: Watch it at the office!
Dkk
9:50
Proton vpn and https://en.solarmovie-official.lol/
let little glovey go home!
babycat
9:55
it’s true he sent me feet pics (unsolicited!)
babycat
9:56
poor little glovey
babycat
9:56
it’s illegal to make you work on a snow day
BulbasaurNoLikeCardio
9:57
Free feet pics sounds like you saved some money
snow
9:59
wish it was snowing in texas rn
Dkk
9:59
Man, hate this conversation cus it just reminds me of the gay guy that used to always ask me for them.
BulbasaurNoLikeCardio
9:59
That cold snap that hit texas is heaven though, opening windows in the house and using the fireplace
snow
10:00
it really is bulb. it was hot as hell for the longest time
BulbasaurNoLikeCardio
10:00
@Dkk: You could of made so much money
that sounds heavenly
babycat
10:00
Aw Dkk has trauma from the gay guy who wanted to fuck his arches
snow
10:00
lmaooooo
BulbasaurNoLikeCardio
10:00
@snow: winter is tattoo season and since that cold snap hit I got one done and have three sessions scheduled lol I love the cold
snow
10:00
whys that?? you're lowkey inspiring me now
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