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Simple English definitions for legal terms

futures-commission merchant

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A quick definition of futures-commission merchant:

A futures-commission merchant is a person or company that helps people buy and sell things called futures or futures options. They take orders from people who want to buy or sell these things and make sure the transactions happen smoothly.

A more thorough explanation:

Definition: A futures-commission merchant is a person or company that carries out orders to purchase or sell futures or futures options.

Example: John wants to buy a futures contract for wheat. He contacts a futures-commission merchant who will execute the order on his behalf. The futures-commission merchant will charge John a commission for their services.

Explanation: A futures-commission merchant acts as a middleman between the buyer and seller of futures contracts. They execute orders on behalf of their clients and charge a commission for their services. In the example, John wants to buy a futures contract for wheat, but he doesn't have direct access to the futures market. The futures-commission merchant acts as an intermediary, executing the order on John's behalf.

futures | futures market

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

SkillfulPossibleWoodpecker

14:18

3/16 accepted reported attending

NemoPropheta

14:21

My brother in christ there aren’t many people with your stats because people with your stats don’t go to law school

SkillfulPossibleWoodpecker

14:24

Buddy, you have been active on this chat for months. Why don't you pick a law school, make some friends, go outside, and shut the fuck up already.

NemoPropheta

14:25

Wow, bro got his feelings hurt

NemoPropheta

14:26

https://cdn.shopify.com/s/files/1/1928/8045/products/TylerTheCreator-CyberBullying_1024x1024.png?v=1600184919

NosyBeagle

14:26

wdym people with their stats don't go to law school? yes they do.

NosyBeagle

14:27

he's an underdog imo. it is hard but not impossible

SkillfulPossibleWoodpecker

14:29

If you wanted to respond in a meaningful way you could have. It didnt hurt my feelings at all I don't really care I'm going to law school. I know my stats suck I'm pretty sure last time I talked to you I told you that was the best I have been able to do with accommodations and they were explained in addenda. It pissed me off because I'm looking for useful insight not whatever you're here doing.

NemoPropheta

14:32

git gud

Schnitz

14:32

me when I don't care

NosyBeagle

14:35

ur so mean nemo 😭

ParallelAgreeableOrangutan

14:36

The D in LSD stands for "data," and said data shows that people with those stats do, in fact, go to law school. Nemo just perpetually needs a snickers and a hug I think

ParallelAgreeableOrangutan

14:40

I don't remember (or never knew) your situation, woodpecker, but even if you think you've maxed out your LSAT score, an early application next cycle might work wonders for you

NosyBeagle

14:40

I second this

NosyBeagle

14:40

as soon as those apps open again, go nuts

GoBirds40224133

14:44

@SkillfulPossibleWoodpecker: I work as a legal intern in Harrisburg, and a majority of the attorneys have gone to Widener. It may not be flashy, but it can easily get you a well paying government attorney job.

GoBirds40224133

14:45

I should preface: a majority of the attorneys in my office, not all of Harrisburg

SkillfulPossibleWoodpecker

14:55

@GoBirds40224133: I appreciate it. I have seen a lot of mixed reviews. Do you think there is a difference between Widener Delaware and Commonwealth or is it negligible.

GoBirds40224133

15:01

@SkillfulPossibleWoodpecker: With your stats, I would go for Commonwealth. Also, Dauphin county is more affordable to live in than New Castle. Alongside this, you are right near the Capitol which means lots of internship opportunities with state agencies, courts, and firms.

SkillfulPossibleWoodpecker

15:06

I would like to try to transfer after my 1L do you see it being extraordinarily difficult to transfer to Pitt or Duquesne assuming I do well? I guess does originating at widener have an impact on transfer candidacy?

NarrowFaithfulCougar

15:10

Man, I could really go for a penis in my mouth or ass right now.

badhorrormovie

15:20

#happypride

badhorrormovie

15:22

not to be a redditor moment but

badhorrormovie

15:22

@SkillfulPossibleWoodpecker: mind dropping your stats again?

badhorrormovie

15:23

and are you looking to apply for fall 2028? or 2029?

SkillfulPossibleWoodpecker

15:23

2.81 gpa 156lsat t3 urm 1 year working as a legal assistant

badhorrormovie

15:23

thank u!!! and 2028 cycle right?

SkillfulPossibleWoodpecker

15:24

yes for class of 2028

badhorrormovie

15:24

is there any reason you want to start now? or realistically, could you wait another year and apply for the 2029 cycle?

esoterica

15:25

yale law school can suck me off the bone

badhorrormovie

15:25

period

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