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LSDefine

Simple English definitions for legal terms

ceiling

Read a random definition: DIF system

A quick definition of ceiling:

Term: Ceiling

Definition: The ceiling is the top part of a room or area. It's like the roof inside a building. In law, the ceiling is the highest amount of money that can be charged or spent, or the most things that can be made or sold. In a contract, the ceiling is the highest price that can be paid for something. The opposite of the ceiling is the floor, which is the lowest price or level in a contract.

A more thorough explanation:

Definition: The upper or top interior surface of a room or region is referred to as the ceiling. In law, the term "ceiling" refers to the maximum amount of money that can be charged or spent, or the number of goods that can be produced or sold. In a contract, the "ceiling" refers to the highest price or value that can be given under the terms of the agreement. The "floor" refers to the lowest price or level in a commercial agreement.

Example 1: The ceiling of my bedroom is painted white.

Example 2: The government has set a ceiling on the amount of money that can be spent on healthcare.

Example 3: The contract specifies a ceiling price of $100 for the product.

Example 4: The company agreed to a floor price of $50 for the product.

These examples illustrate the different uses of the term "ceiling." In example 1, the term refers to the physical surface of a room. In example 2, it refers to a legal limit on spending. In example 3, it refers to the highest price that can be paid for a product under a contract. In example 4, it refers to the lowest price that can be accepted for a product in a commercial agreement.

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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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