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LSDefine

Simple English definitions for legal terms

reissuable note

Read a random definition: waynagium

A quick definition of reissuable note:

A reissuable note is a written promise to pay money to someone. It's like an IOU. The person who writes the note promises to pay the money back to the person they owe it to. A reissuable note can be used again after it has been paid once. It's like recycling!

A more thorough explanation:

A reissuable note is a type of promissory note that can be put back into circulation after it has been paid once. A promissory note is a written promise by one party to pay money to another party or to bearer. A note is a two-party negotiable instrument, unlike a draft which is a three-party instrument.

For example, if a company issues a reissuable note to borrow money from an investor, and the investor is repaid, the company can issue the same note to another investor to borrow money again. This makes it easier for the company to borrow money without having to create a new note each time.

Another example of a promissory note is a mortgage note, which is a note that evidences a loan for which real property has been offered as security. This means that if the borrower fails to repay the loan, the lender can take possession of the property.

Overall, a reissuable note is a useful tool for companies to borrow money repeatedly without having to create a new note each time. It is a type of promissory note that can be put back into circulation after it has been paid once.

reissuable error | reissue

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
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.
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