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LSDefine

Simple English definitions for legal terms

extraordinary gain

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A quick definition of extraordinary gain:

An extraordinary gain is when someone makes a lot of money in a way that doesn't happen very often. For example, if a company sells a big part of their business for a lot of money, that would be an extraordinary gain. It's not something that happens every day, so it's special. This is different from an ordinary gain, which is just making money from selling something that's not a big deal.

A more thorough explanation:

An extraordinary gain is an increase in amount, degree, or value that is both unusual and infrequent. It can be a gain of money or something having monetary value, such as the gain realized from selling a large segment of a business.

For example, if a company sells a subsidiary for a much higher price than expected, the gain from that sale would be considered an extraordinary gain. This type of gain is not expected to occur regularly and is not part of the company's normal operations.

Extraordinary gains are different from ordinary gains, which are gains from the sale or exchange of a noncapital asset. They are also different from recognized gains, which are the portion of a gain that is subject to income taxation.

extraordinary circumstances | extraordinary grand jury

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you became a slave so others could live free
15:58
im tryna hear sumn
not so limp anymore are we
[] baddestbunny
15:58
nah they got all my friends on the phones too
[] baddestbunny
15:59
nobody important is free
[] baddestbunny
15:59
in 1 minute I'll be on my twelfth hour of work today
Dkk
16:00
I will apply to Yale if it helps the cause.
damn that is a lot of hours
do you get off at 7pm?
Dkk
16:01
@TheAdoptedOne: he gave up too easily.
[] baddestbunny
16:01
8!
Mr. Bad Fumbla
Bag
Dkk
16:01
Commits to kys when I commit to kms the same day. What a crazy november 5th.
[] baddestbunny
16:02
kms isn't even a t50 you should r&r
does anyone ever think about how we have no idea who everyone else here is? like you guys dont know me at all thats so crazy cause i talked to you more than ppl irl today
i'm a hallucination
the hat man
HopefullyInLawSchool
16:03
isnt r&r a t50?
keep popping benadryls and ill stay online
law school chat roulette
[] baddestbunny
16:04
living out the plot of the movie unfriended in the yale invite-only webinar
You were only invited to round out the numbers anyway lol
Dkk
16:05
I'm too old to r&r, just gunna kms rn.
Dkk
16:05
Gotta get this show on the road.
Dkk
16:05
Lmfao
JumpySubsequentDolphin
16:05
washu stop emailing me while I’m waiting for a decision challenge
[] baddestbunny
16:05
I'm not in their webinar I just thought it would be a funny thing to have happen
[] baddestbunny
16:05
bc I have a sense of whimsy and imagination
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