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LSDefine

Simple English definitions for legal terms

proceeds

Read a random definition: forum externum

A quick definition of proceeds:

Proceeds: The money you get when you sell something like land, goods, or investments. It can also mean the things you get when you sell or exchange something that was used as collateral for a loan. For example, if a farmer borrows money and gives the creditor a security interest in the harvest, the harvested wheat is collateral. If the farmer then exchanges the harvest for a tractor, the tractor becomes the proceeds of the wheat. Net proceeds means the amount of money you get after you subtract the costs of the transaction like expenses and commissions.

A more thorough explanation:

Definition: The amount of money received from selling something, such as land, goods, or investments. It can also refer to something received upon selling, exchanging, collecting, or otherwise disposing of collateral.

Examples:

  • After selling his car, John received $10,000 in proceeds.
  • The proceeds from the sale of the house will be used to pay off the mortgage.
  • If a farmer borrows money and gives the creditor a security interest in the harvest, the harvested wheat is collateral. If the farmer then exchanges the harvest for a tractor, the tractor becomes the proceeds of the wheat.

The examples illustrate that proceeds refer to the amount of money received from selling something or the value received upon disposing of collateral. In the case of the farmer, the wheat was collateral, but when it was exchanged for a tractor, the tractor became the proceeds of the wheat.

procedural unconscionability | proceeds and avails

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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