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LSDefine

Simple English definitions for legal terms

SMBS

Read a random definition: dole-moor

A quick definition of SMBS:

A security is something that you give or pledge to guarantee that you will pay back money that you borrowed. It can also be an instrument that shows you own part of a company or have a creditor relationship with a company or government. Securities don't have value on their own, but represent rights in something else. They can include things like stocks, bonds, or certificates of deposit.

A more thorough explanation:

SMBS stands for stripped mortgage-backed security. It is a type of security that is backed by mortgages. A security is something that shows ownership or a creditor relationship with a company or government.

For example, if you buy a stock, you own a small part of the company. If you buy a bond, you are lending money to the company or government that issued it. SMBS is a type of security that is backed by mortgages, which means that the value of the security depends on the value of the mortgages.

SMBS is a complex financial instrument that is not easy to understand. It is typically used by professional investors and not recommended for individual investors.

smart money | Smith Act

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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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