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Simple English definitions for legal terms

CBOT

Read a random definition: law of a general nature

A quick definition of CBOT:

CBOT stands for Chicago Board of Trade. It is a place where people buy and sell things like corn, wheat, and soybeans. It's like a big market where farmers and traders can make deals with each other.

A more thorough explanation:

Term: CBOT

Definition: CBOT is an abbreviation for Chicago Board of Trade. It is a commodity exchange where traders buy and sell futures contracts for agricultural products, such as corn, wheat, and soybeans, as well as financial products, such as treasury bonds and stock indexes.

Example: A farmer who grows corn can sell a futures contract on the CBOT to lock in a price for their crop before it is harvested. This helps them manage their risk and ensure they will receive a certain amount of money for their corn, even if the market price drops.

Explanation: The example illustrates how a farmer can use the CBOT to manage their risk by selling a futures contract. By doing so, they are essentially agreeing to sell their corn at a certain price in the future, which protects them from price fluctuations. Other traders, such as speculators and investors, can also use the CBOT to make bets on the direction of commodity and financial markets.

CBOE | CBT

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HopefullyInLawSchool
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Joe's
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i shop at tawget
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i shop at giant eagle
ForDizzyDJoy
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How did i miss Fordham and American’s wave and I applied in september 🙃
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Lol UC Davis took me of ED and put me in RD
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surprised I didnt get straight denied
HopefullyInLawSchool
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they emailed you/
HopefullyInLawSchool
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?
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@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
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yak you will be fucking shit up at cornell this time next year dw
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love you too bby
glovediedthisishismom
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what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
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Sounds good to me
HopefullyInLawSchool
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@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
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do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
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Some schools rject
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Thanks! I couldn't find any reddit thread about it lol
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but just means now I have to wait for the rejection from Davis
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i just wanna rock
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bodyadaya
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let it rock
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How are the vibes heading into thanksgiving yall?
HopefullyInLawSchool
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@Law-Guy Im feeling kinda happy I applied YM to UCI hoping it helps (:
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