Simple English definitions for legal terms


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A quick definition of distribution:

Distribution: When someone dies and leaves behind a will or trust, their assets are divided among the people they named in the document. This is called distribution. It can also refer to when a company pays out profits to its shareholders or when an investment company sells securities and gives the profits to its investors. In an initial public offering, the underwriter sells the securities issued by a corporation.

A more thorough explanation:


Distribution refers to the act of dividing assets among beneficiaries as specified in a trust or will by a court. It can also refer to:

When a person creates a trust or will, they may specify how their assets should be distributed among their beneficiaries. For example, a person may leave their house to their children and divide their savings equally among their grandchildren.

When an investment company sells securities, they may distribute the capital gains to their shareholders. For example, if an investment company sells stocks for a profit, they may distribute a portion of that profit to their shareholders.

When a corporation makes a profit, they may distribute some of that profit to their shareholders as dividends. For example, if a corporation makes $1 million in profit, they may distribute $100,000 to their shareholders as dividends.

During an initial public offering, an underwriter may distribute securities issued by a corporation to investors. For example, if a corporation issues 1 million shares during an IPO, the underwriter may distribute those shares to investors who have purchased them.

Distribution is the act of dividing assets among beneficiaries as specified in a trust or will by a court. The examples illustrate how assets can be distributed in different contexts, such as when securities are sold, profits are made, or securities are issued during an IPO. In each case, the distribution involves dividing assets among different parties according to specific rules or agreements.

distributee | distribution of profits


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and UPenn for that matter! Would be greatly appreciated
yay pookie! congrats!
omg this guy on the deposition is screamingggg
And congrats!!!!!!<3
like it's crazy
i've heard great things about UVA! I visited upenn and hated it so much / felt so uncomfy there and the starbucks by campus got robbed while i was there waiting for my tour to start lol
@OptimisticOutlier That sounds terrible, I'm sorry you had to experience that lol. Can I ask what made you feel uncomfortable? Like the sketchy vibes of the city or like the camp\us itself etc.?
penn is in a nice area
right next to drexel
it was campus itself, honestly i can't explain what it actually is. I felt the same way when I was touring schools for undergrad, pretty much pulled up to upenn and told my mom i knew i didn't like it and didn't need to take the tour lol
would argue with the nice area piece lol i think all of philly is kinda scary, someone pulled a gun on my team while we were down for a football game at upenn and walking around at night
but that said, i'm pretty happy i moved to pa after school and i know lots of people love upenn!
dear god is that sketchy
definetly safer than how its being described
people are absolutely crwzy
yeah yeah will 10000% agree i've had like bad outlier experiences lol
u are the optimistic outlier after all
how do i tell my boss im quitting and need to take off on monday (visiting ND on monday to meet with dean and check the vibes, was gonna put in my 2 weeks regardless
i luv being an art hoe snob
believe it or not i didn’t miss any calls
Lol all of philly is a dumpster fire
Yet i am moving there for law school in 14 days lol
@OptimisticOutlier: congratulations!!!
I live in that area. It isn't bad at all
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