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LSDefine

Simple English definitions for legal terms

regular income

Read a random definition: Revised Uniform Partnership Act of 1997 (RUPA)

A quick definition of regular income:

Regular income is the money you get on a regular basis from working, owning a business, investing, or receiving gifts. It can be paid weekly, monthly, or yearly. It's different from other types of income, like money you get from selling something or winning a prize. Regular income is important because it helps you pay for things you need, like food, housing, and clothes.

A more thorough explanation:

Regular income refers to the money or payment that a person receives on a fixed or specified schedule from sources such as employment, business, investments, royalties, and gifts. It is the opposite of irregular income, which is received sporadically or unpredictably.

Examples of regular income include:

  • Salary or wages received by an employee on a monthly or bi-weekly basis
  • Dividends received by a shareholder from a company on a quarterly basis
  • Rental income received by a landlord on a monthly basis
  • Interest earned on a savings account on a monthly or annual basis

These examples illustrate how regular income is received at fixed intervals, providing a predictable and stable source of income for the recipient. Regular income is important for budgeting and financial planning, as it allows individuals to anticipate and manage their expenses and savings.

regular election | regular life policy

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november score release on wednesday i need to get my apps out before then lmao
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waspy when did you apply?
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I’ve been stuck behind an unmoving train for twenty minutes IM NEVER GONNA GET OUT OF HERE
i applied december
it hurts your app i think
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it’s oddly quiet on the decision front today
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yak you're effoc now?
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