Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

breakage

Read a random definition: culpable neglect

A quick definition of breakage:

Breakage is when a manufacturer gives a buyer some money back because some of the goods were damaged during shipping or while being stored. It's like a refund for things that got broken. It can also mean that a little bit of money is kept by racetrack owners from bets, so they don't have to give out really small winnings.

A more thorough explanation:

Definition: Breakage refers to two different things:

  1. An allowance given by a manufacturer to a buyer for goods that were damaged during transit or storage.
  2. Insignificant amounts of money retained by racetrack promoters from bets. This is done to avoid the inconvenience of counting and paying out inconsequential winnings.

For example, if a shipment of fragile items like glassware or electronics is being transported from one place to another, there is always a risk of some items getting damaged during transit. In such cases, the manufacturer may offer a breakage allowance to the buyer, which is a discount or compensation for the damaged goods.

Similarly, in horse racing, there are often small amounts of money left over from bets that are not paid out to the winners. This is because it is not worth the time and effort to count and pay out these small amounts. Instead, the racetrack promoters retain this money as breakage.

These examples illustrate how breakage is used in different contexts to refer to small amounts of money that are either compensated for or retained due to their insignificance.

break | break a house

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
LSD+ is ad-free, with DMs, discounts, case briefs & more.