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LSDefine

Simple English definitions for legal terms

distribution

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A quick definition of distribution:

Distribution: When someone dies and leaves behind a will or trust, their assets are divided among the people they named in the document. This is called distribution. It can also refer to when a company pays out profits to its shareholders or when an investment company sells securities and gives the profits to its investors. In an initial public offering, the underwriter sells the securities issued by a corporation.

A more thorough explanation:

Distribution

Distribution refers to the act of dividing assets among beneficiaries as specified in a trust or will by a court. It can also refer to:

When a person creates a trust or will, they may specify how their assets should be distributed among their beneficiaries. For example, a person may leave their house to their children and divide their savings equally among their grandchildren.

When an investment company sells securities, they may distribute the capital gains to their shareholders. For example, if an investment company sells stocks for a profit, they may distribute a portion of that profit to their shareholders.

When a corporation makes a profit, they may distribute some of that profit to their shareholders as dividends. For example, if a corporation makes $1 million in profit, they may distribute $100,000 to their shareholders as dividends.

During an initial public offering, an underwriter may distribute securities issued by a corporation to investors. For example, if a corporation issues 1 million shares during an IPO, the underwriter may distribute those shares to investors who have purchased them.

Distribution is the act of dividing assets among beneficiaries as specified in a trust or will by a court. The examples illustrate how assets can be distributed in different contexts, such as when securities are sold, profits are made, or securities are issued during an IPO. In each case, the distribution involves dividing assets among different parties according to specific rules or agreements.

distributee | distribution of profits

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19:50
scream
CheeseIsMyLoveLanguage
19:56
I'm totally riding the Roomba when I become a cat. And knocking shit over, just because cats can be assholes like that and get away with it. And then I'll be cute. 😸
20:08
I was a dog in my previous life. That's why I like to chew on bones when I eat porterhouses or ribs or chicken.
CheeseIsMyLoveLanguage
20:09
I would totally fuck up a porterhouse or some ribs. 🤤 (I had chicken for lunch)
20:25
Thinkin bout running an underground kitchen whilst in law school. Would you guys buy from me?
21:24
I used to grill for my friends or make beer or soup or risotto so I say do it.
21:35
Fk it, what are they gon do if they get sick, sue me? They are just wanna bees until they pass the bar >:D
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No rare steak tho. Aint no 'drag it thru the kitchen, wipe it's ass, and pin a rose on it' nope. Cannot have customers gettin sick.
21:55
How hard to get from 165 to 170?
22:10
depends. are you scoring lower on your Lr or RC
22:17
@MrThickRopes: probably like 30 more days of studying daily.
22:21
Playing bingo rn, wish me luck!
22:21
Higher on LR
22:21
My highest PT was 168
22:21
Ahh dude easy extra points through LR.
22:22
They are there, its just a cost vs time question depending on A's or R's.
22:24
I might sign up for June LSAT
22:24
Just in case
22:25
Just in case I decide to retake
CheeseIsMyLoveLanguage
22:31
Bingo always reminds me of the scene in Girl, Interrupted, where they were calling SSNs for the draft and one of the patience said “bingo” after each SSN.
@170+ scorers what tutoring company or prep company did you use?
23:18
Y'all should hit up @crabbyapple if you want a 170+
23:22
I didn't study before I got a 165 maybe I study a bit get a 170
Can @crabbyapple actually help
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Probably. She helped me once.
23:55
You think people are going to bully me in law school if I pull my pants down all the way to pee in the urinal?
crabapple
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If you have a question you can ask in chat and people here are happy to help
crabapple
23:57
I'm kinda at capacity for clients at the moment tbh but can help with individual questions or general strategy advice
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Have you read any books or too busy with work?
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