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LSDefine

Simple English definitions for legal terms

ceiling

Read a random definition: indiscriminate attack

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.

cease and desist letter | census

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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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