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LSDefine

Simple English definitions for legal terms

gain

Read a random definition: P.D.

A quick definition of gain:

Gain means getting more of something, like more money or more value. It can also mean making a profit by selling something for more than it cost to make or buy. Sometimes people do bad things to get gain, like committing a crime for money. In taxes, gain is the extra money you make when you sell something for more than you paid for it.

A more thorough explanation:

Gain refers to an increase in amount, degree, or value. It can be a gain of money or something that has monetary value. It can also refer to excess of receipts over expenditures or sale price over cost. In tax, it is the excess of the amount realized from a sale or other disposition of property over the property's adjusted value.

  • A person invests $100 in a stock and sells it for $150. The gain is $50.
  • A thief steals a car and sells it for $10,000. The gain is $10,000.
  • A company sells a product for $500 that cost $400 to produce. The gain is $100.
  • A person sells a house for $300,000 that they bought for $250,000. The gain is $50,000.

These examples illustrate how gain can refer to an increase in monetary value or excess of receipts over expenditures or sale price over cost. In each example, there is a difference between the amount spent or invested and the amount received, which is the gain.

gager del ley | gainage

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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