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Simple English definitions for legal terms

redemption price

Read a random definition: American Bar Association

A quick definition of redemption price:

Redemption price: The amount of money that needs to be paid to redeem or buy back something. It is the price that must be paid to regain ownership or possession of something that was previously sold or given away.

A more thorough explanation:

Definition: The price at which a security or bond can be redeemed or bought back by the issuer.

Example: Company XYZ issued bonds with a face value of $1,000 each and a maturity date of 10 years. The redemption price of the bonds is set at $1,050, which means that after 10 years, the bondholders can redeem their bonds for $1,050 each.

Explanation: The redemption price is the amount that the issuer of a security or bond agrees to pay to the holder when the security or bond is redeemed or bought back. In the example, the redemption price of $1,050 is higher than the face value of $1,000, which means that the bondholders will receive a premium for holding the bonds until maturity.

redemption period | redemptio operis

General

General chat about the legal profession.

General >T14 Off Topic

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GodsPlanUltimately

22:47

Rationally that's what I thought but irrationally I was like crying throwing up did I mess it up lol

babycat

22:49

Lol you’re all good

GodsPlanUltimately

22:49

I'm assuming then for status checking eventually that the school emails you that information once LSAC finishes processing?

babycat

22:50

Yep

GodsPlanUltimately

22:50

Thank you ╱|、 (˚ˎ 。7 |、˜〵じしˍ,)ノ

GodsPlanUltimately

22:50

Just stressing because this is my first and only app.

GodsPlanUltimately

22:53

Does the CAS Report send once the school requests it or do I have to send it ?

babycat

23:02

It sends automatically

babycat

23:02

Why only one app?

GodsPlanUltimately

23:06

I'm in a dual degree program that my undergraduate has where if you meet a gpa and percentile you can have your senior year be your L1 ! Cuts off a year of time and money and the partner was my top pick for law anyways. It all just worked out and since it's ED can't really apply anywhere else because the L1 transfers back to complete my degree. :)

babycat

23:14

oh that’s nice! I guess you have a high degree of certainty about the process then

Dkk

0:10

Welcome. About to eat another ghost pepper. @babycat

Dkk

0:24

https://www.youtube.com/shorts/doTlTAKqDKE

Dkk

0:27

God my mouth is burning so much

[] texaslawhopefully

0:45

@babycat: A few things. I mean, for one, this is my fifth year of undergrad (graduating with a dual BA/MA), so I don't think academically I'm incredibly behind or anything. Beyond, that I've explored other fields, and for the very niche area of public interest work I am interested in, law is the only way I can make a substantiative difference so why not start now.

[] texaslawhopefully

0:47

And also my other options just are not great. I could take a shit paying job at a think tank, I was offered a job at, but I don’t find the work interesting. Or I could continue in academia, getting a phd, but again just not especially interested in academic philosophy.

[] texaslawhopefully

0:49

I would say more, but I am very close to doxxing myself if I haven’t already.

Dkk

1:02

5th year at 19. That is amazing.

Dkk

1:02

So you started when you were 14. Wow.

Dkk

1:11

I tried to find you but if still in school, other names pop up first. Do you drink alcohol? If not, you should start drinking to catch up to me. @texas

[] texaslawhopefully

1:13

I started at 15

[] texaslawhopefully

1:13

turning 20 this year

[] texaslawhopefully

1:13

or well very beginning of next year

Dkk

1:15

My best advice is to start learning wine and cocktails asap. Take the introductory and certified sommelier exam as soon as you hit 21.

Dkk

1:16

I could not find you with that information. You are still probably pretty safe. Though I did not use all my search engines or filters.

Dkk

1:20

Gotta beat this guy: https://sommelierbusiness.com/en/articles/insights-1/q-a-with-the-youngest-master-sommelier-toru-takamatsu-354.htm

[] texaslawhopefully

1:21

@Dkk: That is good. Granted I don't think being doxxed would be the end of the world, but who knows.

[] texaslawhopefully

1:21

And, yeah, I have drinken a little bit over the last couple of years (what college student hasn't), but not a massive fan

Dkk

1:24

That is cus college people drink like idiots. I was not a fan at my first college and I did not start drinking until I was 22.5. The art of Sommelier stuff though is less about drinking and more about thought process. Kind of a puzzle like a logic game. Same with cocktails. You will love it if you hate college type drinking.

Dkk

1:25

It's something to do outside of the things you mentioned, it is useful for networking, and it will help you in law school. It will help you find exactly what you want to do in law school.

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