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LSDefine
Simple English definitions for legal terms
subscription
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A quick definition of subscription:
Subscription: When you sign your name on a paper to agree to buy something or give money to someone or something, it is called a subscription. It can be for buying stocks or bonds, or for donating money to a specific person or cause. The act of signing your name is also called a subscription.
A more thorough explanation:
Definition: Subscription is the act of signing a document or agreeing to contribute money or property to a specific person or purpose.
Examples:
- When you sign up for a magazine or newspaper, you are agreeing to a subscription. This means you will receive the publication regularly and pay for it either monthly or annually.
- Investors may make a subscription to purchase newly issued shares of stock or bonds. This means they are agreeing to buy a certain amount of the securities at a set price.
- A person may make a subscription to donate money to a charity or cause they support. This means they are agreeing to contribute a specific amount of money to the organization.
These examples illustrate how subscription can refer to different types of agreements, whether it's for a service, investment, or donation. In each case, the person is committing to something by signing or agreeing to a contract.