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LSDefine

Simple English definitions for legal terms

A quick definition of net:

Term: Net

Definition: Net is the amount of money or value left over after all the expenses, taxes, and other costs have been taken out. For example, if you earn $100 but have to pay $20 in taxes and $30 in expenses, your net earnings would be $50. It's like counting your allowance after you've spent some of it on toys and candy.

A more thorough explanation:

Definition: The net is the amount of value left over after subtracting any expenses, liabilities, taxes, or other amounts that take away from the amount’s value. For example, net earnings is a business’s gross earnings less the cost of goods sold, operating and overhead expenses, depreciation expenses, financing expenses, and any other expenses incurred in managing the business.

Example: If a lemonade stand makes $50 in sales but spent $20 on lemons, sugar, and cups, then the net profit is $30.

Explanation: The net profit is the amount of money the lemonade stand made after subtracting the expenses of buying the ingredients and supplies. In this case, the net profit is $30, which is the amount of money the lemonade stand gets to keep.

negotiation | net earnings

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Cant imagine being the guy to be like "hey so to keep your neighbors house from burning down we are going to bulldoze yours and then catch it on fire"
lilypadfrog
8:55
buddy you can either stay in or get out but we’re bulldozing this
lilypadfrog
8:55
someone brought cake to the work breakroom today
lilypadfrog
8:56
they will tell you 9 AM is too early to eat cake but they are wrong
GreyCeaselessMammoth
8:56
guys it's my bday!
lilypadfrog
8:56
happy birthday!!!
GreyCeaselessMammoth
8:56
i was going to go get myself a nice little coffee but the shop is closed because when it snows here everyone freaks out
GreyCeaselessMammoth
8:56
thanks lily!!!!
lilypadfrog
8:56
that’s probably why there was cake in my break room. someone knew it was your birthday
GreyCeaselessMammoth
8:57
exactly
GreyCeaselessMammoth
8:57
have some for me
I guess you now have to go buy alcohol now to celebrate
lilypadfrog
8:57
come here I’ll share
And for my bday a couple days ago all I got was a baby with bubble gut lol
lilypadfrog
8:58
baby and your dream law school I think those are good presents
lilypadfrog
8:59
happy bday to you too my friend
8:59
malewoods mentioned
Yeah they were all a week or so early but still pretty chill, people with January Bdays are generally the best. Just saying
@Eggan: YES! that is who it was, horny over people getting As
GreyCeaselessMammoth
9:00
yeah bulb, i've noticed that too
9:01
i wonder what happened to him but he was so annoying
lilypadfrog
9:01
I’m always wahoowa-ing in his honor
lilypadfrog
9:02
I think that’s probably why I haven’t heard anything from UVA. Yeah I didn’t write a why UVA but they can probably feel how much I say wahoowa
wahoowa
it is too damn cold
lilypadfrog
9:03
jajaja
snow with palm trees is pretty cool ngl
i wore a single quarter zip to work, its single digits rn
bruh
im a pollock this is par for course
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