Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

extraordinary loss

Read a random definition: incentive-to-invent theory

A quick definition of extraordinary loss:

An extraordinary loss is a type of loss that happens unexpectedly and is not common. For example, if a natural disaster destroys a business, that would be an extraordinary loss. It is different from a regular loss, which is when something loses value over time or is damaged in a more common way. Extraordinary losses are usually very big and can have a big impact on a person or business.

A more thorough explanation:

Definition: An unusual and infrequent loss, such as a loss resulting from a natural disaster.

Examples:

  • A company experiences a significant loss due to a hurricane that damages their facilities and disrupts their operations.
  • A business suffers a loss from a fire that destroys their inventory and equipment.

These examples illustrate how an extraordinary loss is a significant and unexpected event that can have a major impact on a company's financial performance. These losses are not part of the normal course of business and are typically not anticipated or planned for.

extraordinary item | extraordinary majority

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
13:53
let it rock
14:17
How are the vibes heading into thanksgiving yall?
HopefullyInLawSchool
14:17
@Law-Guy Im feeling kinda happy I applied YM to UCI hoping it helps (:
Wanna give some head
soap
14:18
Cornell
14:19
@HopefullyinLawSchool What's YM?
14:19
oh no
HopefullyInLawSchool
14:19
you mom
WorthlessAttractiveZombie
14:19
Ouch
HopefullyInLawSchool
14:19
your*
14:19
I fear I realized too late
babycat
14:20
another victim claimed
concorde
14:22
pwned
14:22
Might have to send in addendums for that
Dkk
14:26
No wave, so sad.
WorthlessAttractiveZombie
14:28
What are the odds that berk releases later today?
babycat
14:28
@Dkk: And here I thought you were a prophet. Smh.
14:33
@WorthlessAttractiveZombie: 4
WorthlessAttractiveZombie
14:35
@EvolBunny: I will take the odds of 4, very promising
14:38
I'm too drunk to taste this chicken
Dkk
14:38
Lol, I suck I guess. @babycat
14:40
suck what? (:
Dkk
14:42
suck at predicting
LSD+ is ad-free, with DMs, discounts, case briefs & more.