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LSDefine

Simple English definitions for legal terms

take delivery

Read a random definition: undue multiplicity of claims

A quick definition of take delivery:

Take delivery: When you buy something, you need to get it. Taking delivery means receiving what you bought. This can be something you ordered online or something you bought in a store. It can also mean getting something you bought in the stock market or futures market.

A more thorough explanation:

TAKE DELIVERY

To receive something that has been purchased or ordered. This can include receiving a commodity under a futures contract or spot-market contract, or receiving securities that have recently been purchased.

  • John ordered a new laptop online and took delivery of it two days later.
  • Sarah purchased a futures contract for wheat and took delivery of the wheat when the contract expired.
  • Mark bought some stocks and took delivery of the securities a few days later.

These examples illustrate the concept of taking delivery. In the first example, John received the laptop he had ordered. In the second example, Sarah received the wheat that she had purchased through a futures contract. In the third example, Mark received the securities he had recently bought. In all cases, taking delivery means receiving something that has been purchased or ordered.

take care of | take effect

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HopefullyInLawSchool
16:03
@UnderRepresentedTryhard: Yes only for YM applicants tho
RoaldDahl
16:05
dodged the mich r wave what does this mean
HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
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