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LSDefine

Simple English definitions for legal terms

leverage contract

Read a random definition: Twenty-third Amendment

A quick definition of leverage contract:

A leverage contract is an agreement to buy or sell a certain amount of a valuable item, like gold or silver, at a set price in the future. Unlike a futures contract, there is no official market for leverage contracts and the terms are set by the individual seller. This means there is no guarantee that the seller will buy back the contract or continue to act as a broker. Leverage contracts are not allowed for agricultural items.

A more thorough explanation:

A leverage contract is an agreement to buy or sell a specific commodity, such as gold or silver, at a future date for a set price. Unlike a futures contract, there is no designated market for leverage contracts. Instead, the terms are set by the individual merchant, who does not guarantee a repurchase market or continue serving as the broker for the purchaser.

For example, let's say that John wants to buy a leverage contract for gold. He agrees to purchase a certain amount of gold at a specific price in the future. However, there is no guarantee that he will be able to sell the contract or that the merchant will continue to act as his broker.

It's important to note that leverage contracts are generally not allowed for agricultural commodities, according to US law.

level-rate legal-reserve policy | leveraged buyout

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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
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
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