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LSDefine

Simple English definitions for legal terms

earnings

Read a random definition: Equal Access to Justice Act

A quick definition of earnings:

Earnings refer to the money that someone makes from working, investing, or owning assets. It can also include money that is set aside for a specific purpose and cannot be used for other things. When someone is unable to work due to injury or job loss, they may be awarded lost earnings as compensation. This money represents what they would have earned if they had not been unable to work.

A more thorough explanation:

Earnings refer to the revenue gained from labor or services, investment of capital, or assets. It is a form of income that individuals or companies receive.

  • Gross earnings: This refers to the total income earned before any deductions or taxes are taken out. For example, if an individual earns $50,000 per year, their gross earnings would be $50,000.
  • Lost earnings: This refers to the income that an individual could have earned if they had not lost their job, suffered a disabling injury, or died. For instance, if a person was unable to work due to an injury, they may be awarded lost earnings as damages in a personal injury case.
  • Appropriated retained earnings: These are retained earnings that a company's board designates for a specific purpose and are therefore unavailable for other uses. For example, a company may appropriate retained earnings for research and development purposes.

The examples illustrate how earnings can be earned through various means such as labor, investment, or assets. Gross earnings show the total income earned before any deductions or taxes are taken out. Lost earnings refer to the income that an individual could have earned if they had not lost their job, suffered a disabling injury, or died. Appropriated retained earnings are retained earnings that a company designates for a specific purpose and are therefore unavailable for other uses.

earning capacity | earnings and profits

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HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
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