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LSDefine

Simple English definitions for legal terms

exempt security

Read a random definition: supervisor

A quick definition of exempt security:

Exempt security: A type of collateral that is not subject to certain regulations or requirements. Collateral is something that is given or pledged to guarantee the repayment of a debt. Securities are instruments that represent ownership or creditor rights in a company or government. Examples of securities include stocks, bonds, and options. Exempt securities are those that are exempt from certain regulations, such as registration requirements with the Securities and Exchange Commission.

A more thorough explanation:

An exempt security is a type of security that is not subject to certain regulations and requirements that other securities must follow. A security is a type of investment that represents ownership in a company or government entity, or a promise to repay a debt with interest.

For example, a stock is a type of security that represents ownership in a company. A bond is a type of security that represents a promise to repay a debt with interest. However, some securities are exempt from certain regulations, such as registration with the Securities and Exchange Commission (SEC).

One example of an exempt security is a municipal bond. Municipal bonds are issued by state and local governments to fund public projects, such as schools and highways. Because they are issued by government entities, they are exempt from certain SEC regulations.

Another example of an exempt security is a private placement. Private placements are securities that are sold to a small group of investors, rather than the general public. Because they are sold to a limited number of investors, they are exempt from certain SEC regulations.

Overall, exempt securities are a type of security that are not subject to certain regulations and requirements that other securities must follow. Examples include municipal bonds and private placements.

exempt organization | exempt transaction

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General chat about the legal profession.
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I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
ClassyPleasantHeron
10:01
The "date changes" at Michigan really don't mean anything. We had to do them in undergrad admissions whenever a Georgia applicant picked the country instead of the state, because we'd have to remove the TOEFL requirement and reassign the application from the international application readers.
soapy
10:06
Classy, does that mean they may look at your application, and that look doesn't necessarily trigger any date change?
1a2b3c4d26z
10:06
Man
1a2b3c4d26z
10:07
Walkin to the bus
1a2b3c4d26z
10:07
What a good day to get into law school
ClassyPleasantHeron
10:11
@soapy: I don't know for sure about the law school. For undergrad, once the application is complete, it's assigned to a reader the following Monday. If we had to make any changes, it's because a reader saw something that needed to be changed and the application needed to be re-read after that change.
soapy
10:12
Ahh, got it. Thank you for the insight!
ClassyPleasantHeron
10:14
You're welcome. FWIW, I have no idea what's up with the address changes. We didn't have to do any of that, except for the Georgia state vs country kinds of things.
soapy
10:15
I've heard it theorized that some schools will change the address from "St." --> "Street" as they prepare to send out admissions packets. That's the rumor, anyways.
i think it just indicates a change in status like under review or stages of review
my stanford address went long as soon as it was marked complete lmao
soapy
10:25
I saw some Reddit adcom say that they can see any time we refresh the status checker; I wonder if it's a red flag if an applicant's checked it like 50 times in a day?
soapy
10:25
Also, can we send another LoR to a school that we've already applied to?
soapy
10:26
Or another essay?
10:30
i'll allow it
soapy
10:31
<3 thanks Fart Butt
1a2b3c4d26z
10:31
If I get rejected by a school bc I check my statuses during work then it wasn’t meant to be
10:32
cautionary tail re reddit posts: https://www.youtube.com/watch?v=5jZAQAuqSfs
How else will they know we fuck
Need to know aboot 6 pack abs
How many 666 people apply?
lolololol
soapy
10:34
Ah that's frightening
@triplethread
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