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LSDefine

Simple English definitions for legal terms

with reserve

Read a random definition: antiquare

A quick definition of with reserve:

Term: WITH RESERVE

Definition: When something is sold at an auction with reserve, it means that the item will only be sold if the highest bid is higher than a certain minimum price. This is like saying "I won't sell this for less than a certain amount."

A more thorough explanation:

Definition: With reserve means that an item being sold at an auction will only be sold if the highest bid is higher than a minimum price set by the seller.

Example: A painting is being auctioned off with a reserve price of $10,000. If the highest bid is $9,000, the painting will not be sold. However, if the highest bid is $11,000 or more, the painting will be sold to the highest bidder.

Explanation: This example illustrates how an auction with reserve works. The seller sets a minimum price for the item being sold, and if the highest bid does not meet or exceed that price, the item will not be sold. This ensures that the seller does not have to sell the item for less than they are willing to accept.

with recourse | with strong hand

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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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