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LSDefine

Simple English definitions for legal terms

soft dollars

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A quick definition of soft dollars:

Soft dollars are credits that brokers give to their clients for doing business with them in the stock-trading industry. It's like a reward for being a loyal customer. Additionally, it's a portion of an equity investment that can be deducted from taxes in the first year. This is different from hard dollars, which are not tax-deductible.

A more thorough explanation:

Definition: Soft dollars are credits that brokers give their clients in exchange for the clients' stock-trading business. These credits can be used to pay for research, data, or other services that the broker provides to the client.

For example, if a client trades a certain amount of stock through a broker, the broker may offer them soft dollars that can be used to pay for research reports or other services that the client needs. These soft dollars are not actual currency, but rather a form of credit that can be used to pay for certain expenses.

Soft dollars are different from hard dollars, which are actual currency that is paid to a broker for their services. Soft dollars are often used in the securities industry to incentivize clients to do business with a particular broker, and they can be a valuable tool for investors who need access to research or other services.

soft currency | soft goods

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General

General chat about the legal profession.
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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.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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