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Simple English definitions for legal terms

Depository Trust Corporation

Read a random definition: wood-leave

A quick definition of Depository Trust Corporation:

Depository Trust Corporation: The Depository Trust Corporation, also known as DTC, is a central clearing agency that helps with securities transactions on public markets. It is an important organization that helps ensure that buying and selling stocks and other securities happens smoothly and efficiently.

A more thorough explanation:

The Depository Trust Corporation (DTC) is a central clearing agency for securities transactions on public markets. It is responsible for settling trades and holding securities in custody for its participants.

For example, when an investor buys or sells a stock, the transaction is processed through the DTC. The DTC ensures that the trade is settled properly and that the securities are transferred to the appropriate parties.

The DTC is an important part of the financial system because it helps to ensure the smooth functioning of the securities markets. By providing a centralized clearing and settlement system, the DTC helps to reduce risk and increase efficiency in the trading process.

depository-transfer check | deposit premium

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

TheAdoptedOne

9:17

im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website

TheAdoptedOne

9:17

it is not working

HowlEngineer

9:18

Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students

TheAdoptedOne

9:19

i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)

BruceSutter

9:28

There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years

llama

9:28

congrats on the 172 bruce

TheAdoptedOne

9:29

go dawgs fr

llama

9:29

roll tide

jackfrost11770

9:31

do we foresee a fordham election day wave today (i'm delusional)

WorthlessAttractiveZombie

9:31

I think so, Jack

llama

9:31

some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173

llama

9:32

[kevin oleary]

jackfrost11770

9:33

worthless i trust you implicitly you know what it will happen now.

jackfrost11770

9:33

worthless i trust you implicitly you know what it will happen now.

jackfrost11770

9:33

worthless i trust you implicitly you know what it will happen now.

jackfrost11770

9:33

worthless i trust you implicitly you know what it will happen now.

jackfrost11770

9:33

worthless i trust you implicitly you know what it will happen now.

WorthlessAttractiveZombie

9:34

I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)

jackfrost11770

9:35

IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES

jackfrost11770

9:35

HELLO

WorthlessAttractiveZombie

9:35

it sent a million times lol

jackfrost11770

9:35

WHAT HAPPENED

TheAdoptedOne

9:35

yeah i thought you were tweaking for a second

jackfrost11770

9:35

i'm so sorry everyone what the actual fuck this website hates me

WorthlessAttractiveZombie

9:35

Jack's just tweaking on LSD no biggie

jackfrost11770

9:36

to be fair this accurately represents my mental state

KnowledgeableRitzyWasp

9:37

election day psychosis coming in hot (fordham)

jackfrost11770

9:38

usc pls pull through .....

jackfrost11770

9:38

i literally just need one A so i can relax before my ED decision

WorthlessAttractiveZombie

9:38

oh that's right USC might release

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