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LSDefine

Simple English definitions for legal terms

current revenue

Read a random definition: baby-bartering

A quick definition of current revenue:

Current revenue is the money that someone earns from their job, business, investments, or other sources of income during a specific period of time. It is the money that they receive regularly, like a paycheck or rent payment. This is different from money that they have earned but not yet received, which is called accrued income. Current revenue is used to calculate taxes and is an important part of a person's financial situation.

A more thorough explanation:

Current revenue refers to the money or payment received periodically from employment, business, investments, royalties, gifts, and other sources within the present accounting period. It is also known as current income.

Examples of current revenue include:

  • Salary earned from a job
  • Profits earned from a business
  • Interest earned from investments
  • Royalties earned from creative works
  • Gifts received from family or friends

These examples illustrate how current revenue is the income that one receives within the current accounting period. It is different from accrued income, which is money earned but not yet received, and deferred income, which is money received at a later time than when it was earned.

current obligation | current wages

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General

General chat about the legal profession.
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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
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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