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LSDefine

Simple English definitions for legal terms

clean house

Read a random definition: casus male inclusus

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

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BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
The profile links are not working for me. anybody else?
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