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LSDefine

Simple English definitions for legal terms

note broker

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A quick definition of note broker:

A note broker is a person who helps others buy or sell commercial paper, which is a type of financial document. They act as a middleman between the buyer and seller and earn money for their services. Note brokers do not own the commercial paper themselves, but they help others find the right deal.

A more thorough explanation:

Definition: A note broker is a type of broker who negotiates the discount or sale of commercial paper.

Example: John owns a small business and needs to raise some cash quickly. He decides to sell some of his accounts receivable to a note broker. The note broker negotiates with John to buy the accounts receivable at a discount and then sells them to investors who are looking for a safe and profitable investment.

This example illustrates how a note broker acts as an intermediary between a seller of commercial paper (in this case, John's accounts receivable) and investors who are looking to buy it. The note broker helps John get the cash he needs quickly, while also providing a profitable investment opportunity for investors.

notation credit | note of a fine

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Dkk
15:46
Woo, it took almost 24 hours but my butthole is feeling good again! Just wanted to update y'all on my struggle.
[] baddestbunny
15:52
Ew
Dkk
15:56
Lmfao
soap
16:58
Thank you for the update
Dkk
17:04
Welcome.
Holding out strong for that 11 p.m. Sunday night wave.
soap
17:20
Do the admissions offices close on Veterans Day?
I think someone here was really interested in Cornell Law. I forgot their username now but I just talked to the Cornell admissions rep at the Houston LSAC fair and apparently 2/3 of people who interview at Cornell ultimately get in.
soap
17:21
Hello 🫡
soap
17:21
Thank you for your service, you’re a real one
soap
17:23
I wonder what it’s dependent on? Are the 2/3 chosen on stats, or interview performance, or more holistically?
I'm honestly not sure
[] baddestbunny
17:31
is Cornell a school where only people who interview get in?
I think so
She said historically a quarter get interview invites and then two thirds of those people get in.
soap
17:35
Did she say anything regarding if decisions will start to come out soon?
17:47
username changed
17:51
cockenheimer
17:56
when u boutta detonate some bomb dick u be like
17:56
cockenheimer
[] baddestbunny
17:57
sloppenheimer
17:58
*tips cap*
17:58
m'lady ahh gesture
18:04
seing smells rn
18:04
and smelling sights
@soap: I asked and she did not have an answer
soap
18:10
aw man. I hope it’s soon…
I'm sure it will be
[] baddestbunny
18:26
how soon is now
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