Parking refers to the act of selling an item, such as stocks, with the understanding that it will be repurchased at a later time for the same price. Engaging in this practice to evade regulations or evade tax obligations is considered illegal. Occasionally, businesses employ this tactic to create the illusion of having greater financial resources. It can be likened to storing your toys in a secure location while you determine which ones to play with next.
Parking is the act of selling securities with an agreement to repurchase them at a later time for a similar price. This practice is deemed illegal if its purpose is to evade securities regulations or tax laws. Brokerage firms often employ parking to bypass the net-capital requirements set by the National Association of Securities Dealers (NASD). For instance, a brokerage firm may sell stock from its own account to a customer at market price to avoid reporting a discount. Once the report is filed, the firm repurchases the shares from the customer at the same price plus interest, thereby achieving technical compliance with the NASD’s net-capital requirements. Another example of parking is when an individual places their assets in a secure, short-term investment while exploring other investment opportunities. This is also referred to as stock-parking. These examples demonstrate how parking can be utilised to circumvent regulations or meet specific requirements. In the first example, the brokerage firm uses parking to evade reporting a discount and fulfil the NASD’s net-capital requirements. In the second example, an individual uses parking as a temporary investment strategy while considering alternative options.
No, having a valid parking permit does not give you the right to park anywhere. You must still follow the designated parking rules and regulations.
No, disabled parking spots are reserved for individuals with disabilities at all times. It is illegal to park in these spots without the proper permit, regardless of the duration.
No, parking in front of a fire hydrant is strictly prohibited at all times. It is essential to keep these areas clear for emergency access.
No, loading zones are designated for specific purposes, and parking in these areas without actively loading or unloading is not allowed.
No, parking on the sidewalk is generally illegal in most jurisdictions. It obstructs pedestrian access and can be hazardous.
No, no-parking zones are strictly enforced, and parking in these areas, even for a short duration, is not permitted.
No, parking in a private parking lot without permission is considered trespassing and can result in fines or towing.
No, reserved parking spots are reserved at all times, regardless of business hours. Unauthorized parking in these spots can result in penalties.
No, parking in a bike lane is illegal and can pose a danger to cyclists. It is important to find a legal parking space instead.
No, parking in front of a driveway is not allowed, even for a short duration. It obstructs the property owner’s access and can result in penalties.
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: 16th April 2024.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
- Page URL:https://dlssolicitors.com/define/parking/
- Modern Language Association (MLA):Parking. dlssolicitors.com. DLS Solicitors. May 09 2024 https://dlssolicitors.com/define/parking/.
- Chicago Manual of Style (CMS):Parking. dlssolicitors.com. DLS Solicitors. https://dlssolicitors.com/define/parking/ (accessed: May 09 2024).
- American Psychological Association (APA):Parking. dlssolicitors.com. Retrieved May 09 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/parking/
Our team of professionals are based in Alderley Edge, Cheshire. We offer clear, specialist legal advice in all matters relating to Family Law, Wills, Trusts, Probate, Lasting Power of Attorney and Court of Protection.
All author posts