16:45
@bigfatsloth: an early welcome to north carolina :3 i will NOT be joining you in the forest unfortunately
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LSDefine
Simple English definitions for legal terms
holding
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A quick definition of holding:
A holding can mean different things depending on the situation. In law, it's a decision made by a court that decides the outcome of a case. In business, it refers to property that a company legally owns, like land or another business. In finance, it means owning a certain number of shares of a company's stock or bonds.
A more thorough explanation:
Definition: Holding can have different meanings depending on the context used. In general, it refers to ownership or a court's decision on a matter of law.
In civil procedure, a holding is a court's decision on a crucial issue that decides the outcome of the entire case. For example, if a court holds that a defendant is not liable for damages, the case may be dismissed.
In commercial law, holding refers to legally owned property, which may include land, securities, or a subsidiary business owned by a corporation. For example, a company may have a holding in another company, meaning they own a portion of that company's stock.
In securities law, holding refers to ownership of a security such as stock or bond. An individual’s or entity's holding of a security indicates their ownership of a specific number of shares. For example, if someone holds 100 shares of Apple stock, they own 100 shares of the company.
Overall, holding refers to ownership or a court's decision that can have a significant impact on a legal case or business transaction.