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LSDefine

Simple English definitions for legal terms

business loss

Read a random definition: collusive action

A quick definition of business loss:

A business loss is when a company loses money or value unexpectedly. This can happen when something goes wrong, like a natural disaster or damage to property. The amount of the loss is usually calculated by subtracting the selling price from the original cost. Sometimes, insurance can help cover the cost of the loss. If a company sells something for less than it cost to buy, that's also considered a loss. A loss can affect a company's finances and may require them to make changes to recover.

A more thorough explanation:

Business loss refers to the decrease in value or financial detriment caused by an unexpected or unpredictable event. It can result from various factors such as the failure to maintain possession of a thing, casualty, or disaster.

  • When a company's property is damaged due to a fire, the financial loss incurred by the company is considered a business loss.
  • If a business invests in a stock that later decreases in value, the difference between the original cost and the selling price is considered a capital loss.
  • When a business is unable to maintain possession of its assets due to theft, the financial loss incurred is considered a business loss.

These examples illustrate how unexpected events can cause a decrease in value or financial detriment to a business, resulting in a business loss.

business homestead | business meeting

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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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