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LSDefine

Simple English definitions for legal terms

guaranteed signature

Read a random definition: de minimis test

A quick definition of guaranteed signature:

Guaranteed signature: A way to make sure that someone who is selling a special kind of paper called a security really owns it. This is important because if they don't own it, the buyer could lose money. Banks can check and guarantee the signature to make sure it's real. If there's a problem later, the bank promises to pay for any losses. It's important to make sure the bank will cover enough money in case something goes wrong.

A more thorough explanation:

Guaranteed signature is a process used in the financial industry to verify someone's identity when transferring securities that are held in a physical document. This is important because it ensures that the seller actually has valid ownership of the security being sold.

Financial institutions become qualified to guarantee signatures through the Medallion program. Members of the Medallion program guarantee that the securities are valid and can be transferred to the buyer. If an issue later arises involving their validity, the financial institution who conducts the signature guarantee promises to cover the losses.

For example, if someone wants to sell their stock certificate, the buyer may require a guaranteed signature to ensure that the seller is the rightful owner of the stock. The financial institution providing the guaranteed signature will verify the seller's identity and guarantee that the stock certificate is valid.

Many banks offer this service to their clients. However, the amount in which financial institutions will insure against losses from an invalid signature varies. Therefore, it is important for individuals purchasing physical securities or serving as a broker to ensure that the financial institution sufficiently covers potential losses.

guaranteed reservation | guarantor

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babycat
23:11
would you call hannah arendt a gentle femdom?
23:12
U did induce quite a bit of interesting descriptors
from what I've read of her no, but she def is pretty badass so also maybe
JumpySubsequentDolphin
23:17
tex what’s your other half
Thai!
23:17
very epic
JumpySubsequentDolphin
23:18
ah very cool
it called me sexy idc it also called me old but i do not even care
JumpySubsequentDolphin
23:19
it said I have a mouse face.
babycat
23:25
i think probably all the nice things it said about you guys are true and the mean ones aren’t true
JumpySubsequentDolphin
23:27
I bet all the mean things it said about you aren’t true and all the nice things are understatements <3
babycat
23:27
when they said gentle femdom they were understating it
JumpySubsequentDolphin
23:28
yeah no they for sure should’ve said aggressive dark femdom
JumpySubsequentDolphin
23:30
@babycat: a straight man just told me he’s obsessed w clairo and beabadoobee’s music. curious to hear your thoughts
babycat
23:31
i would not let that slide. too many men out here want to be soft boys
babycat
23:31
good times create weak men, weak men create hard times, and so on
JumpySubsequentDolphin
23:32
i feel like I’ve never been more certain that a man’s a whore in my life
JumpySubsequentDolphin
23:33
what do you MEAN you’re obsessed with clairo and beabadoobee. who are you trying to impress
babycat
23:37
men will say ugh i wish i had a girl to go to the clairo concert with me. whole time they’re just whores
23:38
my buddy went to under grad with her
ok what's wrong with liking beabadoobee though 😭
23:39
^
23:57
straight man who likes beabadoobee has a 60% chance of being full of red flags and that percentage is too high to risk it
23:57
i unfortunately have the falling for straight man by accident because i thought he was bi because he likes clairo and beabadoobee disorder
JumpySubsequentDolphin
23:58
Eggan thank you for understanding. ily.
@Eggan: oh goodness
ExplodingEffoc
0:04
Glue song Clairo and Beabadoobee best song ever
I think a night to remember is better but yea they're both very good
Dkk
0:08
I would call Arendt nuts but correct sometimes.
Dkk
0:09
No idea who these artists are
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