Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

clean house

Read a random definition: education

A quick definition of clean house:

Term: CLEAN HOUSE

Definition: When a company wants to make big changes, they might "clean house" by firing a lot of people in management positions. This makes room for new people to come in and take over. It can also mean selling stocks or investments that don't meet someone's needs.

A more thorough explanation:

Definition: To clean house means to discharge a large number of employees, especially those in management positions, in order to bring in new employees. It can also refer to selling securities that do not meet an investor's requirements.

  • After the company's profits fell for the third quarter in a row, the CEO decided to clean house and let go of several top executives.
  • The investment firm had to clean house and sell off some of their stocks that did not meet their clients' investment criteria.

These examples illustrate how the term "clean house" is used in business contexts. In the first example, the company is struggling and the CEO decides to make significant changes by letting go of top executives. This is a drastic measure that is often taken when a company is in trouble and needs to restructure. In the second example, the investment firm needs to sell off some of their stocks that do not meet their clients' investment criteria. This is a common practice in the financial industry, where investors have specific requirements for the types of securities they want to invest in.

clean draft | clean letter of credit

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
glovediedthisishismom
15:34
egads man
glovediedthisishismom
15:34
have you no decorum
glovediedthisishismom
15:35
i can do a really good trans atlantic accent you should read those in that kind of voice^
15:42
what does ym mean'
15:42
what is a ym app?
HopefullyInLawSchool
15:42
Your mother @Evol
glovediedthisishismom
15:43
why is my mom applying
15:43
buddy got some reddit nubes the other day tho lol
15:43
@HopefullyInLawSchool: raaauuuude
HopefullyInLawSchool
15:48
@EvolBunny: Meltdown Keywords: URM, UCLA, Admissions, Race, Minorities, adcoms, 163 lsat. anti-Semitic language, opinions on all keyword topics (anyone else feel free to jump in)
15:52
:sob:
15:54
@HopefullyInLawSchool: omg why are you so obsessed with me
roasted to a crisp
crunchy and crispy now
HopefullyInLawSchool
15:56
bored at work nothing else to do
Dkk
15:57
@JumpySubsequentDolphin: to me UCLA just sends things out when ready. They do waves but a lot of the time they just trickle things out.
15:57
mtn tastes like straight chemical waste lmao
HopefullyInLawSchool
15:58
@llama: have you had mtn dew cake?
15:58
@HopefullyInLawSchool: no is it good?
HopefullyInLawSchool
15:59
eh, its alright but its more of a camping thing if that makes ense
HopefullyInLawSchool
15:59
sense
JumpySubsequentDolphin
15:59
@Dkk: oh hm. lsd makes it seem like A waves are almost exclusively on Fridays
16:00
@HopefullyInLawSchool: oh gotcha.
atwatodbit
16:01
I need there to be a wave before tgiving :(
triplethread
16:02
welp another day no a
triplethread
16:02
its been real
triplethread
16:02
until tomorrow...
16:03
lol some school called me and I could barely understand her. she sounded stressed so I just said thanks, happy holidays. she hung up. lmfao
LSD+ is ad-free, with DMs, discounts, case briefs & more.