20:42
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LSDefine
Simple English definitions for legal terms
Premises
Read a random definition: accounting for profits
A quick definition of Premises:
Term: Premises
Definition: Premises means two things. First, it can refer to a statement or idea that is used to make an argument. Second, it can refer to a piece of land and the buildings on it.
A more thorough explanation:
Definition: The word “premises” has two common meanings:
Premise: A statement or proposition that serves as the basis for an argument, and from which a conclusion is drawn.
Property: Structures and land that make up a parcel of property.
For example, in a debate, a premise is a statement that is used to support an argument. If someone is arguing that smoking is bad for your health, they might use the premise that smoking causes lung cancer. In this case, the premise is the basis for the argument that smoking is bad for your health.
On the other hand, in a property context, the word “premises” refers to the buildings and land that make up a property. For instance, if you own a store, the premises would include the building where the store is located, as well as any land that is part of the property.
These examples illustrate how the word “premises” can have different meanings depending on the context in which it is used.