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Simple English definitions for legal terms

Depository Trust Corporation

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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

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[] c0bra1
16:20
villanova and cardozo
starfishies
16:24
rip W&L
[] c0bra1
16:24
im not going to lexington bruh
starfishies
16:24
LOL the internet hates lexington bro
starfishies
16:25
did you visit
[] c0bra1
16:25
no my schedule is horrible so i cant do any of these admitted students days which is why im in a predicament
starfishies
16:25
oof i see. you're going for BL presumably..?
[] c0bra1
16:25
vibes, col, and name-knowledge wise villanova seems better, but cardozo seems better for ip/entertainment offerings + the infinitesmal chance of transferring + the alumni from my undergrad who went there really liked it
starfishies
16:26
would you ever double deposit?
[] c0bra1
16:27
the only thing stopping me from double deposit is that it was strongly frowned upon or could have adverse consequences if the schools found out
[] c0bra1
16:27
if thats not a thing i would double for sure
starfishies
16:27
is that fr ive never heard that before thats kinda wild
starfishies
16:27
this cycle is crazy i feel like double deposit is warranted in a lot of cases
[] c0bra1
16:28
id be down to double to get more time to choose but i think for the factors that i listed it would be unlikely for those to change in a significant way
[] c0bra1
16:28
from what ive understood villanova's 3rd market is nyc but the philly ip market is a little small, most of the ppl i talked to had WE in tech first and thats how they got related roles in 1L/2L
[] c0bra1
16:29
they're just so similar on the balancing scale that im second guessing in case im overtly wrong on one of them...but then again all my friends say to quit whining and pick cardozo lol
starfishies
16:30
ngl still a tough decision
starfishies
16:30
but if youre trying to end up in nyc ultimately it seems like the more obvious answer
[] c0bra1
16:31
yeahh thats what it keeps boiling down to lol
[] c0bra1
16:31
i think it would be easier for me to pick nova if the col in nyc wasn't something i was ready for but that's not a problem for me
starfishies
16:31
okay money man
[] c0bra1
16:31
more like i anticipated a way better application and intended to get into fordham lol
starfishies
16:31
you have until the 15th right i feel like u already know what your answer is
[] c0bra1
16:31
yeaaa
starfishies
16:31
i also have a weekly deposit meltdown its okay
[] c0bra1
16:31
hence why i do this little dance every weekend
[] c0bra1
16:32
LOL
starfishies
16:32
my family is sick of me
[] c0bra1
16:32
who knows maybe nyu will be so nice and let me in this week or next and then all my problems will be solved
starfishies
16:33
lol right same
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