Short refers to the act of selling an item that one does not possess, in anticipation of a decrease in price. This allows the seller to repurchase the item at a lower cost and generate a profit. In contrast, long involves purchasing an item with the expectation that its price will rise.
In finance, the term “short” is used to describe a situation where a trader or investor sells a security or commodity that they do not currently possess. This is known as a short sale. For instance, a trader may sell Company X’s stock without actually owning it because they believe the price will decrease. Similarly, an investor may sell a futures contract for gold even if they do not currently own any gold. Both examples demonstrate the concept of short selling, which involves selling something that is not owned in the hopes of profiting from a decline in the price of the security or commodity.
In most cases, employment in the United States is considered “at-will,” which means that employers can terminate employees without providing a reason, as long as it is not based on discrimination or retaliation.
If you are injured in a car accident, it is important to seek medical attention immediately. Additionally, you should gather evidence, such as photographs and witness statements, and report the accident to your insurance company.
The statute of limitations for personal injury lawsuits varies by state. It is crucial to consult with an attorney as soon as possible to determine the specific time limit applicable to your case.
Misdemeanors are less serious crimes that typically carry a maximum punishment of up to one year in jail, while felonies are more serious offenses that can result in imprisonment for more than one year.
Yes, if someone spreads false information about you that harms your reputation, you may have grounds to file a defamation lawsuit. However, defamation cases can be complex, so it is advisable to consult with an attorney.
When arrested, you have the right to remain silent, the right to an attorney, and the right to be informed of the charges against you. It is crucial to exercise these rights and consult with an attorney before providing any statements to law enforcement.
To protect your intellectual property, such as inventions, trademarks, or creative works, you can file for patents, trademarks, or copyrights respectively. Consulting with an intellectual property attorney is recommended to ensure proper protection.
The process for filing for bankruptcy involves gathering financial information, completing required forms, attending credit counseling, and filing the necessary paperwork with the bankruptcy court. It is advisable to consult with a bankruptcy attorney for guidance.
Generally, landlords are required to provide notice before evicting a tenant. The specific notice period varies by state and the reason for eviction. Consult your local laws or an attorney to understand the notice requirements in your area.
If you believe you are experiencing workplace discrimination, it is important to document the incidents, report them to your employer’s human resources department, and consult with an employment attorney to understand your rights and potential legal remedies.
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.
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