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Simple English definitions for legal terms

London commodity option

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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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im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
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