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Simple English definitions for legal terms

clearing loan

Read a random definition: clerk of enrollments

A quick definition of clearing loan:

A clearing loan is a type of loan given to a bond dealer while they wait to sell a bond issue. It's like lending someone money until they can sell something they own and pay you back.

A more thorough explanation:

A clearing loan is a type of loan made to a bond dealer while they wait to sell a bond issue. It is a temporary loan that helps the dealer manage their cash flow until they can sell the bonds and pay back the loan.

For example, if a bond dealer needs to raise money quickly to buy a new bond issue, they may take out a clearing loan from a bank. The bank will lend them the money they need, and the dealer will use the proceeds from the bond sale to pay back the loan.

Clearing loans are a common practice in the bond market and help dealers manage their finances more efficiently.

clearinghouse | clearings

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

llama

19:43

@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working

Dkk

19:43

Indeed!

llama

19:48

wasp, i think people are hopeful for a gov who at least attempts to care about the common man

JapaneseMacaque

20:55

MIAMI A

[] AromaticTroubledDormouse

20:55

How does one know if they are UR1 or UR2?

[] AromaticTroubledDormouse

20:56

CONGRATS MACAQUE!

JapaneseMacaque

20:57

TY

jackfrost11770

20:59

got a random stanford email and almost had a heart attack

jackfrost11770

20:59

ALSO CONGRATS!

texaslawhopefully

21:03

Congrats1!

Ratratta

21:15

Miami A, yall I'm so excited I could cry.

Ratratta

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

JazzyGazelle

23:35

guys. my notre dame address just went long is this good or bad

1a2b3c4d26z

23:37

Oooooo me too

JazzyGazelle

23:37

omg is this good or bad

Dkk

23:47

Idk if gender roles are gunna fix that then.

JazzyGazelle

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??

180SupremeWarrior

23:53

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

JazzyGazelle

0:59

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.

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