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LSDefine

Simple English definitions for legal terms

nonmonetary item

Read a random definition: age of consent

A quick definition of nonmonetary item:

A nonmonetary item is something that you own or owe that can change in value. This could be things like land, equipment, inventory, or promises to fix things under warranty. The value of these things can go up or down over time.

A more thorough explanation:

Definition: A nonmonetary item is an asset or liability whose value changes over time. Examples of nonmonetary items include land, equipment, inventory, and warranty obligations.

Examples:

  • Land: The value of land can fluctuate depending on factors such as location, zoning laws, and market demand.
  • Equipment: The value of equipment can change due to technological advancements, wear and tear, and market demand.
  • Inventory: The value of inventory can vary depending on supply and demand, expiration dates, and changes in consumer preferences.
  • Warranty obligations: The value of warranty obligations can change based on the number of claims made and the cost of repairs or replacements.

These examples illustrate the definition of nonmonetary items because their value is not fixed and can change over time. This makes them different from monetary items, such as cash or accounts receivable, which have a fixed value.

non molestando | nonmovant

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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
Send MA ID
BulbasaurNoLikeCardio
16:16
LawHub blocking me from status checker, guess I ain't going to law school now
"Go touch grass" - Lawhub
BulbasaurNoLikeCardio
16:17
Pretty much lol
BulbasaurNoLikeCardio
16:18
Even though its only second check of the day
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