Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

OID

Read a random definition: disqualification

A quick definition of OID:

Term: OID

Definition: OID stands for Original-Issue Discount. This means that when someone buys a bond or other type of investment, they may pay less than the face value of the investment. The difference between what they paid and the face value is called the original-issue discount. This discount is considered interest and is taxable income for the investor.

A more thorough explanation:

Definition: OID stands for Original Issue Discount. It refers to the difference between the face value of a bond or other debt instrument and the price at which it is sold initially. This discount is treated as interest income for tax purposes and is spread out over the life of the bond.

Example: Let's say a company issues a bond with a face value of $1,000 but sells it for $900. The OID in this case would be $100 ($1,000 - $900). This $100 discount is considered interest income and is spread out over the life of the bond.

Explanation: The example illustrates how OID works in practice. When a bond is sold at a discount, the difference between the face value and the sale price is treated as interest income for tax purposes. This interest income is spread out over the life of the bond, which means that the bondholder will have to pay taxes on it each year until the bond matures.

OHHLHC | oil-and-gas lease

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
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
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
LSD+ is ad-free, with DMs, discounts, case briefs & more.