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LSDefine

Simple English definitions for legal terms

business loss

Read a random definition: intermediary

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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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