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LSDefine

Simple English definitions for legal terms

derivative

Read a random definition: key money

A quick definition of derivative:

Derivative is a type of financial tool that depends on the value of something else, like a stock or commodity. People make bets on whether the value of that thing will go up or down. Derivatives can be used to protect against changes in the market. In other contexts, derivative can also mean something that comes from or is based on something else, like a new version of a book or a purchase that was made from another purchase.

A more thorough explanation:

Derivative is a financial tool that depends on the value of an underlying asset. It is like making a bet on the value of something. If the value of the underlying asset changes, one party will usually owe something of value to the other. Derivatives can be used to protect against market changes.

For example, if you buy a derivative contract for a stock, you are betting on whether the stock's value will go up or down. If the stock's value goes up, you make money. If it goes down, you lose money.

Derivative can also refer to something that is created from or connected to another. In copyright law, a derivative work is any work that has been modified from or produced from earlier work. For example, a movie based on a book is a derivative work.

In the context of acquisition, a derivative acquisition is one that is gained from another. It is different from an original acquisition because it was never the property of another in the original purchase. For example, if a company buys another company's subsidiary, it is a derivative acquisition.

derivation of citizenship | derivative action

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MrThickRopes
21:55
DOCTOR PEPPER
ParallelAgreeableOrangutan
22:02
jaylen brown just fouled out and the celtics only have 51 pts
22:23
yo doctor pepper rn would transform me
22:23
no dude a pibb rn from chipotle fountain
22:39
dr pep mentioned
22:39
ugh pib yummy
22:43
llama what u wearing
22:44
white shirt and black shorts wby
22:55
aww cute
23:01
wby gurlie
Yo fam I still haven’t slumbered and it’s 4am
5:26
Hey just wondering how to filter data by international Gpa? Can't seem to find this filter option
9:40
There’s no intuitive way to do this. The only way I can find is by going to each individual school, scrolling to the part that shows you all applicants for that year, and clicking on the GPA button until it filters them for the blank ones first. I’ve found by clicking on profiles that the ones with an LSAT listed and no GPA are almost universally international
10:38
You think adcomms stalk this website
10:41
any one of you could be one in disguise
11:19
I have a confession.
11:20
I am not a llama, and I am an adcommie @ The University of American Samoa Law (go LandCrabies)
12:01
I need a law school ranking based on which have reverse weave champion hoodies with the law school logo
I'm really sad it came to this.. but what are some law schools that will accept people with misconduct and irregularity of faking a transcript from lsac
I guess or from doing crimes too for that matter
yo how to delete messages
MrThickRopes
15:24
We walk in da graduation to day
MrThickRopes
15:25
That’s a lie we walk in it yesterday
MrThickRopes
15:26
Or maybe we walk in da graduation tomorrow
yeaaahhh
MrThickRopes
15:28
Yeah
MrThickRopes
15:28
Uhh
MrThickRopes
15:28
Yeah
MrThickRopes
15:28
Put dat beat on
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