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LSDefine

Simple English definitions for legal terms

safekeeping

Read a random definition: benefit association

A quick definition of safekeeping:

Safekeeping: Keeping something safe and protected while it is in your care. This can include holding onto someone's valuable item or money for them, or protecting a security that someone has invested in.

A more thorough explanation:

Definition: Safekeeping refers to the act of protecting something that is in one's custody. It can also refer to the holding of a security on behalf of the investor or broker that has paid for it, as defined by the Securities Investors Protection Act.

Examples:

  • A bank may offer safekeeping services for valuable items such as jewelry or important documents.
  • A brokerage firm may provide safekeeping for securities purchased by their clients.

The examples illustrate how safekeeping involves the responsibility of protecting something that is entrusted to one's care. In the case of a bank, they are responsible for keeping valuable items secure and preventing them from being lost or stolen. In the case of a brokerage firm, they are responsible for holding securities on behalf of their clients and ensuring that they are not lost or mishandled.

safe house | safe-pledge

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General

General chat about the legal profession.
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TGM
18:39
@texaslawhopefully: alas, haven’t even gotten an interview (applied around thanksgiving)
18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
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.
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