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LSDefine

Simple English definitions for legal terms

parking

Read a random definition: larceny by trick

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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General chat about the legal profession.
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Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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