Original Issue: The initial occurrence of something being created or made available, such as when a company sells a particular type of stock or bond. It can also pertain to a legal concept where a point of contention between two parties is under discussion.
The initial issuance of a specific type or series of securities. For instance, when a company decides to raise capital by issuing its first set of bonds, it is considered the original issuance of bonds for that company. This term refers to the first instance in which a company or organisation offers a particular type of security, such as stocks or bonds, to the general public. It serves as the primary sale of these securities and is commonly conducted to generate funds for the company. The provided example demonstrates how the first bond issuance by a company is regarded as the original issuance of that specific type of security for that company.
The process for filing a lawsuit involves drafting a complaint, filing it with the appropriate court, and serving the defendant with a copy of the complaint.
The statute of limitations for personal injury claims varies by state, but it is typically between one to three years from the date of the injury.
Misdemeanors are less serious crimes with a maximum penalty of one year in jail, while felonies are more serious crimes with a potential penalty of more than one year in prison.
It is illegal for an employer to retaliate against an employee for filing a workers’ compensation claim, and doing so can result in legal action against the employer.
A legally binding contract requires an offer, acceptance, consideration, and mutual assent, and it must be in writing if it involves the sale of goods over a certain dollar amount.
The process for obtaining a patent involves filing an application with the United States Patent and Trademark Office, which includes a detailed description of the invention and its unique features.
In general, you are not responsible for someone else’s debts unless you have co-signed a loan or are legally obligated to pay the debt, such as in the case of a spouse’s medical bills.
If you are arrested, you have the right to remain silent, the right to an attorney, and the right to a fair and speedy trial.
Filing for bankruptcy involves submitting a petition to the bankruptcy court, completing credit counseling, and attending a meeting of creditors.
The process for adopting a child involves completing an application, undergoing a home study, and attending court hearings to finalize the adoption.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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