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LSDefine

Simple English definitions for legal terms

impaired capital

Read a random definition: ERA

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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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