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LSDefine

Simple English definitions for legal terms

clear annual value

Read a random definition: debtor's property

A quick definition of clear annual value:

A clear annual value is the amount of money that a property earns in a year after all expenses, like taxes and mortgage payments, have been paid. It is important to know the clear annual value of a property when buying or selling it.

A more thorough explanation:

Clear annual value refers to the net yearly income that can be earned from a piece of property after all expenses, such as taxes and mortgage interest, have been paid. For example, if a rental property generates $50,000 in rent each year, but $10,000 is paid in taxes and $5,000 in mortgage interest, the clear annual value would be $35,000.

This value is important for property owners and investors as it helps them determine the profitability of a property. It can also be used by insurance companies to calculate the amount of coverage needed for a property.

For instance, if a property has a clear annual value of $35,000, an insurance policy may be written to cover that amount in case of damage or loss.

clear-and-present-danger test | clear chance

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16:46
wtf
16:47
i'd reach out to their admissions and check up on it
I did 2x and they said "The vast majority of candidates who have submitted their complete application by our deadline will be notified by the last day of April"
like kinda fucked
16:50
ugh that's so annoying
law schools that ghost should give you your money back
or reject
like man GIVE IT BACK!!!!
ClassyPleasantHeron
16:56
Schools explicitly asking applicants to retake the LSAT are TTTs pretending to be 2nd tier.
LMAOOO
like man oklahoma more like oklahowaboutyoueatmyshoe
me when that person on reddit said UofU wave and it's.... 3 people
help who just posted that right after I started bitching in chat
my heart fell straight into my ass mind u
and i just got a fucking app status tracker update... not for UofU... my BP is so spiked rn
QuarrelsomeTurkey
18:29
does anyone know if bu ever releases after 5 pm
Lol @jupitersmoons It feels like UofU is screwing with us haha
fr like I know it"s Mountain Time but bestie we have less than half an hour before typical EOD
what we doing
Real
19:17
new COAs are out
19:37
Anyone know how long it takes to get aid package after getting admitted to UChicago or Northwestern?
I’d ask in the t14 chat bc lol it may be a bit until you can get someone who can answer that question here
21:19
@syddak: Oof tough spot. Congrats on the As. Did either indicate either via email/mail that they would be following up with aid, and if so, did they provide a time frame? It may be acceptable to email them and indicate seat deposits are fast approaching and you are curious if you can expect further info (aid) from the school to aid u in ur decision..
0:26
@UnderRepresentedTryhard: that’s a greater than sign. Meaning outside t14
0:27
Schools>t14
IrishDinosaur
13:38
I'm convinced USC doesn't really exist
IrishDinosaur
13:38
it's an elaborate hoax
i showed a guy at asd my lsd profile. little does he know that im an influencer
babycakes
16:36
u such a crazy flexer
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