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LSDefine

Simple English definitions for legal terms

profiteering

Read a random definition: excludable

A quick definition of profiteering:

Term: PROFITEERING

Definition: Profiteering is when someone takes advantage of a situation where goods are scarce or in high demand to make a lot of money by selling those goods at very high prices. This often happens during times of war or other emergencies. A person who does this is called a profiteer.

A more thorough explanation:

Definition: Profiteering is when someone takes advantage of a special situation to make a lot of money. For example, during a war, some people might sell things that are hard to find at really high prices.

Examples:

  • During a natural disaster, some stores might charge a lot of money for things like water and batteries because they know people need them.
  • When a new video game console comes out, some people might buy a lot of them and then sell them for a lot more money than they paid.

These examples show how people can use a special situation to make more money than they should. It's not fair to charge a lot of money for something that people really need or want, especially if it's hard to find. That's why profiteering is often seen as a bad thing.

profit à prendre | profit insurance

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almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
Yeah, it’s tough. I’m distracting myself by playing good video games after work :)
im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
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There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
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