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Simple English definitions for legal terms

broker call loan

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A quick definition of broker call loan:

A broker call loan is a type of loan where the lender can ask for the money back at any time, usually with 24 hours' notice. This means that the borrower needs to be prepared to pay back the loan quickly. It is also sometimes called a demand loan.

A more thorough explanation:

A broker call loan is a type of loan that can be demanded by the lender at any time, usually with 24 hours' notice, because there is no fixed maturity date. It is also known as a call loan or demand loan. This type of loan is often used by brokers to finance daily transactions.

For example, a stockbroker may take out a broker call loan to purchase stocks for a client. If the value of the stocks increases, the broker can sell them and repay the loan. However, if the value of the stocks decreases, the lender may demand repayment of the loan, which can be risky for the broker.

The broker call loan is a short-term loan that is used to cover costs until more permanent financing is arranged. It is important to note that this type of loan is not suitable for long-term financing needs.

brokerage-run dividend-reinvestment plan | broker-dealer

General

General chat about the legal profession.

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ParallelAgreeableOrangutan

22:02

tbh kinda losing my mind, I'm visiting my parents in my childhood home and whenever I do this I remember why I never do this aahhaha

ParallelAgreeableOrangutan

22:02

My dog likes it here tho

ParallelAgreeableOrangutan

22:02

How are youuuuu?

llama

22:26

@ParallelAgreeableOrangutan: Deep/tough. Feels. Im well working on a project so im happy :)

NemoPropheta

22:28

should i hit the dmt pen in the sauna and meet god

ParallelAgreeableOrangutan

22:31

Ooh what kind of project? Work, passion, neither, both?

ParallelAgreeableOrangutan

22:31

@NemoPropheta: do it do it

NemoPropheta

22:37

alright day before my lsat ill hit a blinker in the sauna and become one with the test

llama

22:47

@ParallelAgreeableOrangutan: law school data so just passion.

llama

22:47

@NemoPropheta: noo they drug test before the LSAT! U will get flagged!

ParallelAgreeableOrangutan

23:19

I'm intrigued llama

ParallelAgreeableOrangutan

23:21

Holdddddup all that number crunching on your lsd profile is your work? Damn

ParallelAgreeableOrangutan

23:21

I don't visit y'all's profiles enough, clearly

NarrowFaithfulCougar

0:22

@NemoPropheta: Ahh yeah, the Sauna. That's some good Nordic shit. Beats the hot tub hands down. Plus everyone is naked.

llama

1:23

@ParallelAgreeableOrangutan: got that weaponized autism in gear, we out here.

RasheedWallaceFan

12:52

@llama: your cycle confuses me, your stats are good and you applied early but all of those Rs? Is there anything weird about your app?

RasheedWallaceFan

12:53

do you have C&F issues or something?

RasheedWallaceFan

12:55

also ur first choice is kansas but you didnt apply there?

llama

12:55

@RasheedWallaceFan: Hi. Yes, I waited for April LSAT, put almost all apps (which were sent really early) so that basically most of my apps were reviewed In May. Shot myself in the foot for 155 -> 161 lmao. Would not recommend 10/10

llama

12:57

@RasheedWallaceFan: unironically, KSLS was my top choice, however by April LSAT their app had closed. It was like waiting to date ur dream partner, but waiting until you graduate uni, then by the time u graduate uni, your soul mate is already married with 2.4 kids and 1.6 dogs. Heartbreak.exe fr fr

NemoPropheta

12:58

are you R&Ring?

llama

13:00

No, I think what I will do is flip a coin: heds NKU, tails NEL|B what u guys think bout dat. Then once 1L - if good at LS, try to transfer, if bad at LS or one of my grandiose ideas/inventions are viable, drop out and pursue.

RasheedWallaceFan

13:10

oh so you submitted the apps with a lower lsat and then retook

RasheedWallaceFan

13:10

got it

Bettercaulsaul

13:33

Most schools will hold your application for the next test score to be released into your account as well. I was notified by an admissions director that if a decision is processed they will not retroactively go back for the new score even if higher

ParallelAgreeableOrangutan

13:34

I vote NEL-Boston so we can be friends :D

ParallelAgreeableOrangutan

13:34

But it says you withdrew?? :(

ParallelAgreeableOrangutan

13:41

@Bettercaulsaul: in my experience, there is often an option on the application for you to choose whether you'd like them to review your application as-is ASAP or hold it until your new score is released. but it probably varies by school—I just remember seeing that option on at least a few app forms

llama

2:21

While I am unsure of what option you are referring to, I personally just emailed each school and asked for them to hold my app pending my lsat score release.

llama

2:22

Sorry WNE = Western New England not NEL|B

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