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LSDefine

Simple English definitions for legal terms

ringing out

Read a random definition: Federal Circuit

A quick definition of ringing out:

Term: Ringing Out

Definition: Ringing out is a way for commodities dealers to end contracts for future delivery before the actual delivery date. They do this by using offsets, cancellations, and price adjustments, which saves them the cost of actually delivering the goods and changing ownership. It's like canceling a plan before it happens, so you don't have to go through with it and spend money on it.

A more thorough explanation:

Definition: Ringing out is a method used by commodities dealers to discharge contracts for future delivery in advance. This is done by using offsets, cancellations, and price adjustments, which saves the cost of actual delivery and change of possession. It is also known as ringing up.

Example: Let's say a commodities dealer has a contract to deliver 100 barrels of oil in three months. However, they realize that they won't be able to fulfill the contract due to unforeseen circumstances. Instead of delivering the oil, they can use ringing out to discharge the contract by offsetting it with another contract or adjusting the price.

Explanation: In the example, the commodities dealer uses ringing out to avoid the cost of delivering the oil and changing possession. By offsetting the contract or adjusting the price, they can still fulfill their obligation without physically delivering the oil. This method is commonly used in commodities trading to avoid the costs and logistics of physical delivery.

rigor mortis | ringing the changes

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22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
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
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
9:42
My name is renard99 and I just sent @babycat feet pics
glovediedthisishismom
9:42
nobody is at the office today they should let little glovey go home and watch harry potter
Dkk
9:49
Lmfao, Gross
Dkk
9:49
@glovediedthisishismom: Watch it at the office!
Dkk
9:50
Proton vpn and https://en.solarmovie-official.lol/
let little glovey go home!
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