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LSDefine

Simple English definitions for legal terms

A quick definition of X.:

X can have several meanings depending on the context. In finance, X can refer to different terms such as ex-dividend, ex-rights, ex-distribution, or ex-warrants. These terms are used to indicate that a stock or security is trading without the right to receive a dividend, rights, distribution, or warrants. In other contexts, X can be a mark used as a signature by someone who is physically handicapped or illiterate. It can also be a symbol used to indicate dimensions or a mark used to indicate a selection, such as a vote on a ballot. In Roman law, X can refer to an inn or a hospital, which was a charitable institution that received donations and legacies.

A more thorough explanation:

X can have different meanings depending on the context:

  1. EX DIVIDEND: A term used in finance to indicate that a stock is trading without the value of the next dividend payment. For example, if a company pays a dividend of $1 per share and the ex-dividend date is on June 1st, then investors who buy the stock on or after June 2nd will not receive the dividend payment.
  2. EX RIGHTS: A term used in finance to indicate that a stock is trading without the right to participate in a new issue of shares. For example, if a company announces a new issue of shares and sets an ex-rights date, then investors who buy the stock on or after that date will not be able to participate in the new issue.
  3. EX DISTRIBUTION: A term used in finance to indicate that a stock is trading without the value of a distribution, such as a bonus issue or a spin-off. For example, if a company announces a bonus issue of shares and sets an ex-distribution date, then investors who buy the stock on or after that date will not receive the bonus shares.
  4. EX WARRANTS: A term used in finance to indicate that a stock is trading without the right to receive warrants. For example, if a company issues warrants to its shareholders and sets an ex-warrants date, then investors who buy the stock on or after that date will not receive the warrants.
  5. X: A mark or symbol used for different purposes, such as:
    • A signature mark for a person who is physically handicapped or illiterate. This mark is usually accompanied by the signer's name and requires two signing witnesses in addition to a notary public if it needs to be notarized.
    • A symbol equivalent to "by" when used in giving dimensions, such as 3 x 5 inches.
    • A mark placed on a document, such as an application or a ballot, to indicate a selection, such as "yes" or "no".
  • EX DIVIDEND: If a stock is trading at $50 per share and pays a dividend of $1 per share, then its ex-dividend price would be $49 per share. An investor who buys the stock on or after the ex-dividend date would not receive the $1 dividend payment.
  • EX RIGHTS: If a company announces a new issue of shares at a price of $10 per share and sets an ex-rights date, then its ex-rights price would be lower than $10 per share. An investor who buys the stock on or after the ex-rights date would not be able to participate in the new issue.
  • EX DISTRIBUTION: If a company announces a spin-off of one of its subsidiaries and sets an ex-distribution date, then its ex-distribution price would be lower than its previous price. An investor who buys the stock on or after the ex-distribution date would not receive the shares of the subsidiary.
  • EX WARRANTS: If a company issues warrants to its shareholders and sets an ex-warrants date, then its ex-warrants price would be lower than its previous price. An investor who buys the stock on or after the ex-warrants date would not receive the warrants.
  • X: A person who is illiterate or physically handicapped may use an X mark as a signature on a document, such as a contract or a will. The X mark needs to be witnessed by two other people and notarized by a notary public to be valid.
  • X: A carpenter may use an X mark to indicate the location of a nail or a screw on a piece of wood. The X mark helps to ensure that the nail or screw is placed in the right spot.
  • X: A voter may use an X mark to indicate a vote on a ballot. The X mark helps to indicate the voter's choice and prevent confusion or errors.

The examples illustrate how X can have different meanings and uses depending on the context. In finance, X is used to indicate that a stock is trading without certain rights or values. In other contexts, X is used as a mark or symbol to indicate a signature, a location, or a selection.

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16:42
yes
16:42
every point is worth it
kms
i think they want me to take the june one in this case
above their median for everything chat i'm ending it
I applied NYU on October 8th like r give up right?
16:46
wtf
16:47
i'd reach out to their admissions and check up on it
I did 2x and they said "The vast majority of candidates who have submitted their complete application by our deadline will be notified by the last day of April"
like kinda fucked
16:50
ugh that's so annoying
law schools that ghost should give you your money back
or reject
like man GIVE IT BACK!!!!
ClassyPleasantHeron
16:56
Schools explicitly asking applicants to retake the LSAT are TTTs pretending to be 2nd tier.
LMAOOO
like man oklahoma more like oklahowaboutyoueatmyshoe
me when that person on reddit said UofU wave and it's.... 3 people
help who just posted that right after I started bitching in chat
my heart fell straight into my ass mind u
and i just got a fucking app status tracker update... not for UofU... my BP is so spiked rn
QuarrelsomeTurkey
18:29
does anyone know if bu ever releases after 5 pm
Lol @jupitersmoons It feels like UofU is screwing with us haha
fr like I know it"s Mountain Time but bestie we have less than half an hour before typical EOD
what we doing
Real
19:17
new COAs are out
19:37
Anyone know how long it takes to get aid package after getting admitted to UChicago or Northwestern?
I’d ask in the t14 chat bc lol it may be a bit until you can get someone who can answer that question here
21:19
@syddak: Oof tough spot. Congrats on the As. Did either indicate either via email/mail that they would be following up with aid, and if so, did they provide a time frame? It may be acceptable to email them and indicate seat deposits are fast approaching and you are curious if you can expect further info (aid) from the school to aid u in ur decision..
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