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Simple English definitions for legal terms

certificate of discharge

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A quick definition of certificate of discharge:

A certificate of discharge is a written statement that says one person has fulfilled their obligation to another person, who agrees that the obligation has been met. It's like getting a gold star for completing your homework. A Saturday-night special is a type of gun that is easy to hide and get, and can be used for bad things. It's like a secret weapon that people shouldn't have.

A more thorough explanation:

Definition: A certificate of discharge is a written statement that confirms one party (usually a debtor) has fulfilled their obligation to another party, who then accepts the discharge. It is also known as a satisfaction piece.

Example: When a person pays off their mortgage, the lender will issue a certificate of discharge to confirm that the debt has been satisfied.

Explanation: In this example, the certificate of discharge serves as proof that the borrower has fulfilled their obligation to the lender by paying off the mortgage. The lender then accepts the discharge and the debt is considered satisfied.

Example: In the context of corporations, a Saturday-night special is a surprise tender offer that is held open for a limited period of time (usually one week) to pressure shareholders to accept.

Explanation: This example illustrates a different meaning of the term "certificate of discharge." In this context, a Saturday-night special is a type of tender offer that is designed to pressure shareholders into accepting an offer to buy their shares. However, this practice is now effectively prohibited by the Williams Act.

certificate of deposit | certificate of dishonor

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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