Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

certificate of discharge

Read a random definition: accumulative

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
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.
LSD+ is ad-free, with DMs, discounts, case briefs & more.