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Simple English definitions for legal terms

letter of comment

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A quick definition of letter of comment:

A letter of comment is a type of letter that is sent by the IRS or SEC to a taxpayer or registrant of a securities offering, respectively. The letter details the ways in which a tax return or registration statement seems to be deficient or not in compliance with federal disclosure requirements. It is also known as a deficiency letter or letter of comments.

A more thorough explanation:

A letter of comment is a type of letter that is sent to a person or organization to point out deficiencies or issues with a particular matter. It is also known as a deficiency letter.

For example, the Internal Revenue Service (IRS) may send a deficiency letter to a taxpayer if their tax return seems to be incomplete or incorrect. The letter will detail the areas where the return is deficient and may request additional information or clarification.

Similarly, the Securities and Exchange Commission (SEC) may send a letter of comment to a registrant of a securities offering if their registration statement does not conform to federal disclosure requirements. The letter will outline the areas where the statement is deficient and may request revisions or additional information.

Overall, a letter of comment is a way for a regulatory agency to communicate with individuals or organizations about issues that need to be addressed. It is important to respond promptly and thoroughly to these letters to avoid further complications or penalties.

letter of comfort | letter of commitment

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1a2b3c4d26z
11:15
In this analogy is the LSAT the NFL combine
JumpySubsequentDolphin
11:16
I told my family I won’t get any decisions until 2025 so they wouldn’t bombard me hahah
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
ambitiouslizard
11:24
he lost his re-election, why would he win this one?
1a2b3c4d26z
11:25
I have no idea why people have so much beef w berkeley's app
I've been reading a bit about "herding," which is this idea that pollsters are making the race look tied so they look right no matter who wins.
1a2b3c4d26z
11:26
Like... it's a more involved app but you don't have to do it? They're clearly trying to have some self-selection go on
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