Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

reissuable note

Read a random definition: object of a power

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
LSD+ is ad-free, with DMs, discounts, case briefs & more.