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LSDefine

Simple English definitions for legal terms

parking

Read a random definition: habitation

A quick definition of parking:

Parking is when someone sells something, like stocks, with an agreement to buy it back later for the same price. This can be illegal if it's done to avoid following rules or paying taxes. Sometimes, companies do this to make it look like they have more money than they really do. It's like putting your toys away in a safe place while you decide which ones to play with next.

A more thorough explanation:

Definition: Parking refers to the sale of securities with an agreement to buy them back at a later time for a similar price. This practice is illegal if done to evade securities regulations or tax laws. It is often used to avoid the net-capital requirements of the National Association of Securities Dealers (NASD) by brokerage firms.

Example: A brokerage firm sells stock from its own account to a customer at market price to avoid the discount for reporting purposes. After filing its report, the firm buys back the shares from the customer at the same price plus interest. This allows the firm to reach technical compliance with the NASD's net-capital requirements.

Another example: An individual places their assets in a safe, short-term investment while considering other investment opportunities. This is also known as stock-parking.

Explanation: The examples illustrate how parking can be used to circumvent regulations or requirements. In the first example, the brokerage firm uses parking to avoid the discount for reporting purposes and comply with the NASD's net-capital requirements. In the second example, an individual uses parking as a temporary investment strategy while considering other options.

Parker doctrine | parking-lot rule

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triplethread
11:12
is it bad i lied about getting into case western bc my parents are bugging me about my first a
@BookLover125: they are so impressed with your application they are renaming the library after you before admitting you
Do you know not everyone says they were ED?
11:12
No they shouldn’t be bugging you this is stressful enough without them adding More. Do what u gotta do
11:13
Got jokes I see
triplethread
11:13
its sooo stressful and im not even done applying
Just apply and get the A lol
triplethread
11:13
got like 3 more apps
there should be a law school draft akin to the NFL Draft where law schools can recruit us
or a MaxPreps esque high light video where Deans can rank us
1a2b3c4d26z
11:15
In this analogy is the LSAT the NFL combine
JumpySubsequentDolphin
11:16
I told my family I won’t get any decisions until 2025 so they wouldn’t bombard me hahah
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
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