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Simple English definitions for legal terms

short

Read a random definition: choate

A quick definition of short:

Short means that someone is selling something they don't actually own, hoping that the price will go down so they can buy it back at a lower price and make a profit. It's the opposite of long, which means buying something with the hope that the price will go up.

A more thorough explanation:

Definition: Short is an adjective used in finance to describe a situation where a trader sells a security or commodity that they do not currently own, in the hope that the price will fall. This is known as a short sale.

Example 1: A trader believes that the price of Company X's stock is going to decrease, so they sell the stock without actually owning it. This is a short sale.

Example 2: An investor sells a futures contract for gold, even though they do not currently own any gold. This is also a short sale.

Both examples illustrate the definition of short, as they involve selling something that the trader or investor does not currently own. This is done in the hope of making a profit if the price of the security or commodity falls.

shore | short-cause calendar

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

renard99

14:43

@jackfrost11770: It's traditionally tough to get off it but not impossible. Their waitlist isn't ranked so it's certainly within reach if you're interested enough

lilypadfrog

14:43

@ChowieBean: end of nov

SplitterusClitterus

14:43

i applied nov. 15 lily

SplitterusClitterus

14:43

or 12th

renard99

14:43

Also Jack ik you and I haven't talked in a bit but we have similar stats, backgrounds, WE. If you ever want solace in this messy process text me on Discord

ChowieBean

14:44

im still in the queue to be reviewed for penn so

lilypadfrog

14:44

@SplitterusClitterus: I applied like two weeks later. It was one of my last apps

jackfrost11770

14:44

I mean I think you're more likely to get WL than R at UPenn lmao, I'm taking it as an R whatever

ReminiscentZestyFish

14:45

Tru

GreyCeaselessMammoth

14:45

notHim at it again

llama

14:45

notHim is a born WINNER

Eggan

14:47

ya i basically have penn r

Trismegistus

14:48

how would you know

Eggan

14:48

uh wdym. i didnt get penn A or penn WL

jackfrost11770

14:48

Check substatus, it's not an update. I didn't even notice it at first

sadpadresfan

14:48

Substatus?

Eggan

14:48

i cant get into my penn rn so im just assuming

HowlEngineer

14:48

same @Eggan

cumsock

14:49

carole baskin sold all her land

sadpadresfan

14:49

If it says under committee review I’m still alive right

cumsock

14:49

for 20 million fuckin dollars

Trismegistus

14:49

that's what mine saying @sadpadresfan

cumsock

14:49

https://www.linkedin.com/posts/tradedmiami_miami-realestate-tradedmia-activity-7287591415927255041-BtDo?utm_source=share&utm_medium=member_desktop

Eggan

14:50

ya im on the plane so it wont let me log into lsac for some readon

Eggan

14:50

for another 2 hours

lilypadfrog

14:50

im out here in miamiiiii

renard99

14:50

Whoa someone got Penn WL but Harvard A earlier what the heck

Trismegistus

14:50

happens all the time

renard99

14:51

I stg every time I see you that Jorge Ben song starts playing in my head again

Trismegistus

14:51

LOL

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