Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

capital gain

Read a random definition: grantback

A quick definition of capital gain:

Capital gain refers to the profit made when you sell or exchange a valuable asset, such as property or stocks. It is the difference between the amount you paid for the asset and the amount you received when you sold it. For example, if you bought a stock for $100 and sold it for $150, your capital gain would be $50. This is different from ordinary gain, which refers to income earned from regular business activities. If you sell an asset for less than you paid for it, you would experience a capital loss instead of a gain.

A more thorough explanation:

Capital gain refers to the profit that is earned when a capital asset is sold or exchanged. This gain is the difference between the purchase price of the asset and the price at which it is sold or exchanged.

For example, if you buy a stock for $100 and sell it for $150, you have a capital gain of $50. Similarly, if you sell a property for more than what you paid for it, the difference is your capital gain.

Capital gains are different from ordinary gains, which are the profits earned from regular business activities. Capital losses, on the other hand, occur when a capital asset is sold for less than its purchase price.

Capital gains are an important source of income for investors and can be subject to taxes. Understanding capital gains is essential for anyone who wants to invest in assets such as stocks, real estate, or art.

capital flight | capital-gain distribution

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
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
LSD+ is ad-free, with DMs, discounts, case briefs & more.