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Simple English definitions for legal terms

zero-coupon security

Read a random definition: protection covenant

A quick definition of zero-coupon security:

A zero-coupon security is a type of investment where the investor buys the security at a discounted price and receives the full value of the security at maturity. Unlike other investments, zero-coupon securities do not pay interest during the investment period. Instead, the investor earns a profit by buying the security at a lower price and receiving the full value at maturity.

A more thorough explanation:

A zero-coupon security is a type of investment that does not pay interest or dividends. Instead, it is sold at a discount to its face value and then redeemed for the full face value at maturity.

For example, let's say you buy a zero-coupon bond for $800 that will mature in 10 years for $1,000. You don't receive any interest payments during those 10 years, but when the bond matures, you will receive the full $1,000.

Zero-coupon securities are often used by investors who want to lock in a specific return at a future date. They are also popular for retirement planning because they can be purchased at a discount and then redeemed for their full value when the investor needs the money.

ZA | zero-rate mortgage

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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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