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Simple English definitions for legal terms

lead-lag study

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A quick definition of lead-lag study:

A lead-lag study is a way for a utility company to figure out how much money it needs to keep on hand to pay its bills. It does this by looking at how long it takes the company to pay its bills and how long it takes its customers to pay for their service. The study compares these two times, called "lead time" and "lag time," to figure out how much money the company needs to have in reserve.

A more thorough explanation:

A lead-lag study is a survey that helps a utility company figure out how much money it needs to keep in reserve to pay its bills. The study looks at how long it takes the company to pay its bills and how long it takes its customers to pay for their service.

The study uses two terms: lead time and lag time. Lead time is the average number of days between when the company gets an invoice and when it pays it. Lag time is the average number of days between when the company bills its customers and when it gets paid.

For example, let's say a utility company has a lead time of 30 days and a lag time of 60 days. This means it takes the company 30 days to pay its bills and it takes its customers 60 days to pay for their service. The company needs to have enough money in reserve to cover the 30-day gap between when it pays its bills and when it gets paid by its customers.

The lead-lag study helps the company figure out how much money it needs to keep in reserve to cover this gap. By analyzing the timing of its cash flow, the company can calculate the amount of necessary reserves.

leading of a use | leads doctrine

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Mr. Bad Fumbla
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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
Ah, youre a worm gorl'
shaquilleoatmeal
16:07
battle of the bunnies
How bout dat ASU wave
letsseehowitgoesnow
16:08
bunny hows it looking out there?
[] baddestbunny
16:08
I just think it's weird when a make a joke about everyone in the yale webinar being tortured by a malevolent spirit and someone says you only got invited to round out the numbers
why
go off queen
[] baddestbunny
16:09
which number am I rounding out? 5'4 women who deserve to be tortured?
someone invited to the yale webinar would get it
[] baddestbunny
16:10
if you don't get invited to the yale webinar canada sends you an email letting u know you qualify for MAID
what's that
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