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LSDefine

Simple English definitions for legal terms

trader

Read a random definition: Medicaid

A quick definition of trader:

A trader is someone who buys and sells things to make money. They might sell things in the same way they bought them, or they might change them to make them more valuable. Traders can also buy and sell stocks or commodities, which are things like gold or oil that people trade to make money. If someone is a trader for their job, they have to pay taxes differently than someone who just sells things once in a while.

A more thorough explanation:

A trader is a person who buys and sells goods or securities for profit. The term can have different meanings depending on the context:

A trader can be someone who buys goods from a supplier and sells them to customers at a higher price to make a profit. For example, a clothing store owner is a trader.

A trader can also be someone who buys and sells commodities, such as oil, gold, or wheat, in anticipation of making a profit. This type of trader may work for a company or trade on their own account.

A trader can also be someone who buys and sells stocks, bonds, or other securities on a stock exchange. This type of trader may work for a brokerage firm or trade on their own account.

In U.S. income tax law, a trader is someone who deals in property as a business, making several purchases and sales within a year. This is different from someone who sells assets held for investment. A trader may lose the right to defer capital gains by exchanging for another property.

Examples:

  • A farmer who sells crops at a local market is a trader.
  • A hedge fund manager who buys and sells stocks for clients is a trader.
  • A day trader who buys and sells stocks within a single trading day is a trader.

These examples illustrate how a trader can work in different industries and contexts, but they all share the goal of making a profit through buying and selling assets.

trade | Truth in Lending Act

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1a2b3c4d26z
17:43
Purple
@shaquilleoatmeal: yeah both my status and substatus say application complete
1a2b3c4d26z
17:44
I discreetly asked her which color she liked best when the new ones dropped and she said purple, I just wanted to hear second opinions
shaquilleoatmeal
17:44
@Eminatorcookieeater: same and my sub status was blank yesterday - trying to research what it means
@shaquilleoatmeal: ooo I wonder what that means, hopefully it means we'll hear back soon
shaquilleoatmeal
17:48
It looks like an update to the sub status (it saying complete instead of being blank) means some sort of review has happened - basically a UR2. Seems like those who got a substatus change got a decision a few days after...
shaquilleoatmeal
17:50
slightly helpful! Not much info on the substatus changes for BU though
i don't have a sub status but i was only marked complete like two weeks ago
cause they wanted me to send another transcript
is that wake forest a from last cycle i am so confused
shaquilleoatmeal
17:51
@jackfrost11770: oo interesting - I first went complete 10/25 and now the sub 11/5
shaquilleoatmeal
17:51
wonder if they'll ask for me for more info but can't think of what it would be
17:54
berk…..
shaquilleoatmeal
17:58
what about berk
18:01
i need wave
shaquilleoatmeal
18:04
call them and demand one
@shaquilleoatmeal: did you get double app complete on sub status or just one
letsseehowitgoesnow
18:11
shaq i got that for BU
shaquilleoatmeal
18:13
@Eminatorcookieeater: just one
shaquilleoatmeal
18:14
@letsseehowitgoesnow: lfg!
shaquilleoatmeal
18:14
@Eminatorcookieeater: did you get one or double??
Just one sadly
letsseehowitgoesnow
18:15
I doubt it means anything. I applied like 2 weeks ago lol
letsseehowitgoesnow
18:16
Actually nvm. I don’t have that lol
shaquilleoatmeal
18:17
@Eminatorcookieeater: I think it's still a good sign, seems like we're one stage away from a decision rolling out which is a good thing, whether an A, R, or WL lol
shaquilleoatmeal
18:17
all obviously based on that reddit post which might not be accurate
Exactly at least something is happening haha
shaquilleoatmeal
18:19
lfg just got a vandy interview
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