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LSDefine

Simple English definitions for legal terms

earnings

Read a random definition: infiduciare

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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Trismegistus
11:52
does penn call or update to portal/ email?
cumsock
11:52
@Trismegistus: cus how does not getting into the best school in the country and "settling" for one of the most prestigious schools in vandy help anyone realistically
@Trismegistus: ^^^^
11:52
p sure they call
cumsock
11:52
ig it only helps people who are ab to jump off a bridge if they dont get into YLS
Trismegistus
11:53
@cumsock: yeah, im not sure really, i think it's just that, life is what you make it, peace with your fate once it happens? idk, i agree with you though
HopefullyInLawSchool
11:53
Another day another dollar
@cumsock: yeah lmao guy is such a prick, my bad i had to settle for vandy
lilypadfrog
11:54
he is a terrible writer. his personal writing blog is shockingly bad
@lilypadfrog: are there flowers on your lily pad?
11:55
how was your first day of classes @knowledge
@KnowledgeableRitzyWasp: what are legit side hustles you have seen people do in LS?
lilypadfrog
11:56
LSAT tutoring
That is not an option for me lmao
lilypadfrog
11:57
@KnowledgeableRitzyWasp: yeah there are a couple thanks for asking
HopefullyInLawSchool
11:57
Guys this UPenn wave looks fake
11:57
I genuinely hate places that call because it turns things into a day-long stress instead of just being like oop I didn't get an email oh well
Trismegistus
11:58
how does it look fake
pleasepleasepleas
11:58
does Michigan call or email?
TackyProudYogurt
11:58
I have missed every A call I have received because I have a job and they all call at like 11 am
Trismegistus
11:58
what an excellent problem to have
am I being dumb to even think I have a chance at penn
should I just give up hope now
11:59
i tutored for the lsat in college lol, i went to a rich people school so the parents were happy to shell out money to a kid who didnt even have an official score yet
12:00
you have a great shot bulldog
the R's are killing any confidence I had
12:01
reddit says penn is calling, also same the umich r that early was disheartening
wonder what cornblatt is doing rn
lilypadfrog
12:01
stroking it
PuppyBot
12:01
lmaooo
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