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Simple English definitions for legal terms

net quick assets

Read a random definition: damnosa aut lucrosa

A quick definition of net quick assets:

Net Quick Assets: This is a term used to describe the amount of money a company has left over after subtracting its liabilities from its quick assets. Quick assets are assets that can be easily converted into cash, such as cash itself, accounts receivable, and inventory. The net quick assets are important because they show how much money a company has available to pay off its debts quickly.

A more thorough explanation:

Definition: Net quick assets refer to the difference between a company's quick assets (assets that can be easily converted into cash) and its current liabilities. It is a measure of a company's ability to pay off its short-term debts using its most liquid assets.

Example: If a company has $100,000 in quick assets (such as cash, marketable securities, and accounts receivable) and $50,000 in current liabilities (such as accounts payable and short-term loans), its net quick assets would be $50,000 ($100,000 - $50,000).

Explanation: The example illustrates how net quick assets are calculated by subtracting current liabilities from quick assets. In this case, the company has enough liquid assets to cover its short-term debts with $50,000 left over. This indicates that the company is in a good financial position and has the ability to meet its obligations in the short term.

net-profits interest | net realizable value

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shaquilleoatmeal
16:03
@babycat: 😘 see you in a bit, grind out those essays before you hop back on
shaquilleoatmeal
16:04
appreciate the non wink since you didn't appreciate it them then lol
babycat
16:06
I'll do it for you ;)
16:06
Tough to justify attending a law school where the admissions office does epic resistance political commentary at the info session
BulbasaurNoLikeCardio
16:07
making me feel jealous here wow, I am about to go taste test a bunch of deserts for our baby shower this weekend.
BulbasaurNoLikeCardio
16:07
@milktoast: what school got political at an info session?
shaquilleoatmeal
16:11
nothin to be jealous about, i've been trying to slide into babycats dms but shes got a long line I guess I gotta wait in to see if I can get in lmao
babycat
16:11
omg if you get into ASU they give you travel expense reimbursement to go there for a visit. does anyone know which other schools do this? I'd love to get a comped vacation
shaquilleoatmeal
16:12
think BU gives you $300 or somethin
ClassyPleasantHeron
16:12
Where is ASU getting this kind of $$$ from? They waive CAS fees too.
babycat
16:13
@shaquilleoatmeal: yeah but then you have to go to Boston :(
shaquilleoatmeal
16:14
uva too
shaquilleoatmeal
16:14
whats wrong w boston ;(
GOT PROMOTED YAY how do i tell law schools abt this?
like do i type up and separate doc and send as an attachment? how much do i write?
shaquilleoatmeal
16:15
@jackfrost11770: LFGGGG
TYYYYYY
shaquilleoatmeal
16:16
do any of your schools have updated sections in the portal? If so, i'd upload there, if not email. Small paragraph should do it id think
1a2b3c4d26z
16:16
Who wanna play some operation metro later on
1a2b3c4d26z
16:16
Congrats jack!
thank you!!
babycat
16:16
@jackfrost11770: personally I would submit an updated resume reflecting the new position instead of a paragraph but idk what SOP is
getting a bacon egg and cheese in celebration
1a2b3c4d26z
16:18
lfg baby you earned that
babycat
16:20
also congrats!! big win
initiallaw
16:23
congrats!!
:D
the big W is that i get reimbursed for travel now thank GOD
jack moving up in the world :)
i have a brother named jack, so whenever i see your name im marginally happier than normal
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