Simple English definitions for legal terms
Read a random definition: net valuation premium
Aggregate: When you put a bunch of things together to make one big thing, that's called an aggregate. It can be things like money, ideas, or even interests. The word can also be used as a verb, meaning to collect things together to make a whole.
Aggregate (ag-rə-git), adj. - Formed by combining into a single whole or total. For example, "The aggregate income of the company was $1 million."
Aggregate (ag-rə-git), n. - An assemblage of particulars; an agglomeration. For example, "The aggregate of interests in the company was diverse."
Aggregate (ag-rə-gayt), vb. - To collect into a whole. For example, "The claims were aggregated to determine the total amount owed."
Overall, the term "aggregate" refers to the combination of different parts or elements to form a larger whole. The examples illustrate how this term can be used in different contexts, such as in finance or business, to describe the total amount or collection of various components.