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Simple English definitions for legal terms

lucrum cessans

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A quick definition of lucrum cessans:

Lucrum cessans is a legal term that means "ceasing gain." It refers to damages that are awarded to compensate for a loss of anticipated profit in addition to an actual loss that has been realized. This term is also known as lucrum interceptum. It is often used in legal cases to determine the amount of compensation that should be awarded to a plaintiff who has suffered a loss due to the actions of another party.

A more thorough explanation:

Lucrum cessans is a legal term that means "ceasing gain." It refers to damages that are awarded to compensate for a loss of anticipated profit in addition to an actual loss that has been realized. For example, if a business owner had a contract to sell 100 products for $10 each, but due to a breach of contract by the buyer, only 50 products were sold, the business owner may be entitled to damages for the lost profit on the remaining 50 products. This lost profit is known as lucrum cessans.

lucrum | lucrum interceptum

General

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windyMagician

11:46

i havent withdrawn from nd yet but ill tell them to give yall my spot

Mostlylegal

11:46

thanks! They still have about half their As left...

windyMagician

11:46

wait i didnt know that

bigfatsloth

11:47

they want us to withdraw to make it easier

bigfatsloth

11:47

but i wana fricking know if i'd get a scholly

Mostlylegal

11:48

yeah ndls is super slow this year, i think they are worried of repeeating 2021 and are being extra cautious

Mostlylegal

11:48

their seat deposit deadline is in 5 days...

bigfatsloth

11:48

what happened in 2021 i keep hearing ab it

Mostlylegal

11:48

basically overadmitted by a ton

legallybrunettelily

11:50

anyone have any advice for loyola chicago

legallybrunettelily

11:50

went complete in january and heard nothing

legallybrunettelily

11:50

thinking maybe friday or will the next wave be next week after seat deposits?

[] AromaticTroubledDormouse

11:58

is it worth a LOCI for NYU active consideration?

bigfatsloth

11:59

it depends how long you've been waiting

ClassyPleasantHeron

12:01

I'd normally save the LOCI for after a real decision, but NYU doesn't play by the book, so I dunno.

[] AromaticTroubledDormouse

12:03

since feb...

Mostlylegal

12:03

keep waiting

babycakes

12:04

Absolutely not if you want to get in. NYU explicitly tells people with the AC hold not to send a LOCI

babycakes

12:04

If you don’t care about getting in NYU has been rendering rejections for people who reach out and ask for an expedited decisions

babycakes

12:05

decision

bigfatsloth

12:05

thats ridiculous

llama

12:05

Haha 'tryna rush me' aight by felica !

Mostlylegal

12:05

Bro didnt realize that Application review is on a rolling basis. Decisions are made on individual applications as quickly as possible; however, the time required to a make a decision will vary among applications. A rolling admission process allows for extending the review process as appropriate ensuring that each application receives full and individualized attention in the context of careful comparison to other complete applications.

babycakes

12:07

She roll on my admissions until I decide

llama

12:11

Raw eggs roll down my throat. I actually like eating raw eggs, however, the feeling of a glob of yolk/albumen gives me the feeling of chocking. Idk I personally think pushing yourself in all regards is a net positive, so I dig it. How many raw eggs have you ever eaten/drank at once? My record is 10

hcarralero2005

12:14

I sent an email to NYU with an updated resume, every other school I sent it to responded within a day and NYU still hasn't

hcarralero2005

12:14

I got a big internship so I wanted to let all schools know

hcarralero2005

12:14

And NYU and Stanford just no response

[] AromaticTroubledDormouse

12:15

rolling admissions is funny since I applied the first week apps were open

slimelaw

12:23

anyone have any idea when I could expect a decision from GSU if I applied 3/15? my app has been "ready for review" since 3/27

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