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LSDefine

Simple English definitions for legal terms

impaired capital

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A quick definition of impaired capital:

Impaired capital is when a company's money and assets are not enough to cover what they owe to others. It's like having less money in your piggy bank than what you promised to give to your friends. This can be a big problem for businesses because they need money to keep running. It's important for companies to keep track of their finances and make sure they have enough money to pay their bills.

A more thorough explanation:

Impaired capital refers to corporate funds that are less than the sum of a corporation's legal capital and its liabilities. Legal capital is an amount equal to the aggregate "par" or stated value of all outstanding shares of a corporation. In other words, impaired capital means that a company's assets are not enough to cover its debts and obligations.

For example, if a company has $100,000 in legal capital and $150,000 in liabilities, but only $120,000 in assets, then it has $30,000 in impaired capital. This means that the company is in a financially unstable position and may have difficulty meeting its financial obligations.

Impaired capital can be a warning sign for investors and creditors, as it indicates that a company may be at risk of bankruptcy or insolvency. It is important for companies to maintain a healthy balance sheet and ensure that their assets are sufficient to cover their liabilities.

impair | impairing the morals of a minor

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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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