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LSDefine

Simple English definitions for legal terms

parking

Read a random definition: erroneous

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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
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JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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