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Simple English definitions for legal terms

owners' equity

Read a random definition: justitia

A quick definition of owners' equity:

Owners' equity is the amount of money that the owners of a business have invested in it, plus any profits that the business has earned and kept. It is calculated by subtracting the business's liabilities (debts) from its assets (things it owns). Owners' equity is what is left over after all the bills have been paid. It is like the money you have left in your piggy bank after you have paid for all your toys and treats.

A more thorough explanation:

Owners' equity is the total value of the owners' financial interests in a business. It includes the capital contributed by the owners and any retained earnings. In simpler terms, it is the amount of money that the owners would receive if the business were to be sold and all debts were paid off.

For example, if a business has assets worth $500,000 and liabilities worth $200,000, the owners' equity would be $300,000 ($500,000 - $200,000). This means that the owners have a financial interest of $300,000 in the business.

In a corporation, owners' equity is also known as shareholders' equity or stockholders' equity. This includes the value of the shares that the owners hold in the company.

Owners' equity is important because it shows how much of the business is owned by the owners and how much is owed to creditors. It also shows how profitable the business has been over time, as retained earnings are included in the calculation.

owners' association | ownership-in-place theory

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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