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Simple English definitions for legal terms

fully paid face-amount certificate

Read a random definition: elective franchise

A quick definition of fully paid face-amount certificate:

A fully paid face-amount certificate is a type of stock certificate that has been paid in full. It is similar to a face-amount certificate, which is a type of investment where the investor pays a fixed amount of money and receives a fixed return at a later date. However, with a fully paid face-amount certificate, the investor has already paid the full amount and does not owe any more money.

A more thorough explanation:

FULLY PAID FACE-AMOUNT CERTIFICATE

A fully paid face-amount certificate is a type of stock certificate that has been paid in full by the shareholder. It is a certificate that represents a specific amount of money that the shareholder has invested in the company.

Example 1: John purchased a fully paid face-amount certificate for $10,000 in XYZ company. This means that John has paid the full amount of $10,000 for the certificate and is now a shareholder in the company.

Example 2: Mary inherited a fully paid face-amount certificate from her grandfather. The certificate was worth $50,000 and had already been paid in full by her grandfather.

A fully paid face-amount certificate is a type of stock certificate that represents a specific amount of money that the shareholder has invested in the company. The examples illustrate this by showing how John and Mary have both invested a specific amount of money in the company and have received a fully paid face-amount certificate in return. This means that they are now shareholders in the company and have a stake in its success.

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
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
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
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??
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
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.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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