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Simple English definitions for legal terms

London commodity option

Read a random definition: Law Enforcement Information Network

A quick definition of London commodity option:

A London commodity option is a type of agreement where someone agrees to buy or sell a futures contract for a commodity that is traded on the London markets. This agreement is made for a specific price and within a specific time frame. Essentially, it's a way for people to make a deal about buying or selling a certain commodity in the future, based on what they think the price will be.

A more thorough explanation:

A London commodity option is a contract that allows the buyer to purchase or sell a futures contract for a commodity that is traded on the London markets. This contract is agreed upon for a specific price and within a particular time frame.

Let's say that a farmer wants to sell his wheat crop, but he is worried that the price of wheat will go down before he can sell it. He could enter into a London commodity option contract with a buyer, which would allow him to sell his wheat at a specific price, even if the market price drops. This would protect him from any potential losses.

On the other hand, a baker might want to buy wheat for his bakery, but he is worried that the price of wheat will go up before he can purchase it. He could enter into a London commodity option contract with a seller, which would allow him to buy the wheat at a specific price, even if the market price goes up. This would protect him from any potential price increases.

These examples illustrate how a London commodity option can be used to manage risk and protect against potential losses or price increases.

Lombard law | London Interbank Offered Rate

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13:56
went complete at penn a month ago with still no UR
jackfrost11770
13:56
How was that too ambitious of a thought
jackfrost11770
13:57
March at the very least atp
13:57
@llama: thank you!!! 44 apps thats crazy dude
Trismegistus
13:57
jack me too buddy
lilypadfrog
13:57
@info-man: I applied like a week before you and just went UR a couple days ago you’ll get there in a minute
13:57
I'm actually never gonna hear from BU
13:57
definitely not ambitious at all. this cycle's turning out to be as slow as the last one probably due to high app volume
13:57
@lilypadfrog: okay cool good to know
13:58
i really think they should push back seat deposits to june
13:58
its unfair
jackfrost11770
13:58
Recent boo I applied to BU in Oct
13:59
I've been complete since mid Sept:(
13:59
If I knew I would still be waiting in January I probably wouldn't have applied so early
jackfrost11770
14:00
Me neither
jackfrost11770
14:00
Someone applied to nyu in December and got today
jackfrost11770
14:00
I mgoikg to lose my fucking mind
14:01
re seat deposit: does any1 know if u can request to delay 1st seat deposit? some school are really early it seems
[] starfishies
14:02
if they delayed decisions we should be able to delay deposits... but we do not live a perfect world so i doubt it
lilypadfrog
14:03
yeah you can request an extension. usually it’s like a week though
14:03
i need tips for not falling asleep at work
drugs
14:03
can we talk about something interesting like i dont know drugs sex death
ReminiscentZestyFish
14:04
Everyone admitted to penn looks like above medians
14:04
time to harass glove on linkedin
lilypadfrog
14:06
that’s a good way to stay awake. tell him to come back here
14:08
lily i broke a rubber band already
14:08
le sigh
lilypadfrog
14:08
damn you get vicious with it. just pinch yourself or something
lilypadfrog
14:09
don’t break your finger
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