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LSDefine

Simple English definitions for legal terms

asset

Read a random definition: order assigning residue

A quick definition of asset:

An asset is something valuable that belongs to a person or a group. It can be a physical thing like a house or a car, or something you can't touch like a patent. When people get divorced, they have to divide their assets and debts. In finance, assets are important because they help determine how much money a company can borrow and how much it's worth.

A more thorough explanation:

An asset is something that has value and is owned by an individual or organization. It can be a physical object like a building or an intangible object like a patent. Assets are important in many areas of law and finance.

  • In family law, marital assets are resources that were acquired during the marriage. These assets are divided between the spouses in a divorce settlement.
  • In child support cases, the non-custodial parent's assets are taken into account when determining the amount of child support to be paid.
  • In finance and corporate law, assets are used to determine the value of an organization. This affects the amount of debt the organization can receive, the interest rates on that debt, and the organization's tax obligations.

These examples illustrate how assets can be used in different contexts. In family law, assets are divided between spouses in a divorce settlement. In child support cases, assets are used to determine the amount of support to be paid. In finance and corporate law, assets are used to determine the value of an organization and its financial obligations.

assessor's parcel number | asset purchase agreement

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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