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Simple English definitions for legal terms

public revenue

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A quick definition of public revenue:

Public revenue refers to the money that a government earns from taxes, fees, and other sources. It is the income that a government uses to pay for things like schools, roads, and public services. Marginal revenue is the amount of money earned from selling one more unit of a product or service. General revenue is the income stream that a state or municipality uses to pay its obligations, unless a law calls for payment from a special fund. Land revenue is the revenue derived from lands owned by the Crown in Great Britain, which are now largely granted to subjects within narrow limits.

A more thorough explanation:

Definition: Public revenue refers to the income stream that a government receives, usually from taxes, levies, and fees.

Examples:

  • General revenue: This is the income stream that a state or municipality uses to pay its obligations, unless a law calls for payment from a special fund. For example, if a city needs to pay for road repairs, it would use its general revenue to do so.
  • Land revenue: This is revenue that is derived from lands owned by the Crown in Great Britain. However, since most of these lands have been granted to subjects over the years, the revenue generated from them is now limited.
  • Marginal revenue: This refers to the amount of revenue earned from the sale of one additional unit. For example, if a company sells 100 units of a product and earns $10,000 in revenue, and then sells one more unit and earns $100 in revenue, the marginal revenue for that additional unit is $100.

The examples illustrate the definition of public revenue by showing different types of income streams that a government or organization can receive. General revenue is the most common type of public revenue, as it is used to pay for a variety of obligations. Land revenue is a more specific type of public revenue that is derived from lands owned by the Crown in Great Britain. Marginal revenue is a concept that is used to measure the additional revenue earned from the sale of one more unit of a product or service.

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RoaldDahl
16:05
dodged the mich r wave what does this mean
HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
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