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LSDefine

Simple English definitions for legal terms

earning asset

Read a random definition: FTC

A quick definition of earning asset:

An earning asset is something that a person or a bank owns that generates income, usually in the form of interest. For a bank, loans are considered earning assets because they earn interest. For an individual, earning assets could be things like rental properties or stocks that pay dividends.

A more thorough explanation:

Definition: An earning asset is an item that is owned and has value, and generates income for the owner. This can include cash, inventory, equipment, real estate, accounts receivable, and goodwill. Banks consider loans to be earning assets because they generate interest income for the bank.

Examples:

  • A rental property that generates monthly rental income for the owner is an earning asset.
  • A stock portfolio that generates dividend income for the owner is an earning asset.
  • A business that generates profits for the owner is an earning asset.

These examples illustrate how earning assets generate income for the owner, and can be used to build wealth over time.

earnest-penny | earning capacity

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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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