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Simple English definitions for legal terms

certificate of discharge

Read a random definition: army

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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
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
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