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It is better to risk saving a guilty man than to condemn an innocent one.
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Legal Definitions - Automated Bond System
A 'reasonable person' is a legal fiction I'm pretty sure I've never met.
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Definition of Automated Bond System
The Automated Bond System (ABS) is a computerized network created by the New YorkStock Exchange. It allows subscribers to electronically send quotes and execute orders for bond trades.
For example, if an investor wants to buy a bond, they can use the ABS to search for available bonds and place an order. The ABS will then match the investor's order with a seller's offer and execute the trade.
The ABS makes bond trading faster and more efficient by eliminating the need for manual processes and paperwork. It also provides greater transparency and accessibility to bond markets.
Law school: Where you spend three years learning to think like a lawyer, then a lifetime trying to think like a human again.
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Simple Definition
Automated Bond System: A computer network used by the New YorkStock Exchange that allows people to buy and sell bonds electronically. It's like a big online store for bonds where people can see the prices and make trades without having to talk to a person.
The difference between ordinary and extraordinary is practice.
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