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LSDefine

Simple English definitions for legal terms

letter stock

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A quick definition of letter stock:

Letter stock is a type of restricted security that represents ownership in a company. A security is something that shows you have a right to something else, like a stock or bond. It's like a special ticket that lets you be part of a group that owns something. The value of a letter stock depends on how well the company is doing and how much other people are willing to pay for it. It's important to remember that securities don't have value on their own, but represent something else.

A more thorough explanation:

Letter stock is a type of restricted security, which means it is a type of investment that has limitations on how it can be bought, sold, or traded. A security is an instrument that shows ownership or creditor rights in a company or government.

For example, if you buy a share of stock in a company, you own a small piece of that company and have the right to vote on certain decisions. If you buy a bond, you are lending money to a company or government and will be paid back with interest.

Letter stock is a type of stock that has restrictions on how it can be sold or transferred. It is usually given to company insiders, such as executives or employees, as a form of compensation. These insiders cannot sell the stock right away and must hold onto it for a certain period of time.

For example, if a company gives its CEO letter stock as part of their compensation package, the CEO may not be able to sell the stock for a year or more. This is to ensure that the CEO has a long-term interest in the success of the company.

letters secret | lettre

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General

General chat about the legal profession.
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18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
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