LSDefine

Simple English definitions for legal terms

scrap value

Read a random definition: private judging

A quick definition of scrap value:

Scrap value is the amount of money you can get for something when it's no longer useful. For example, if you have an old car that can't be driven anymore, you might be able to sell it for scrap metal. Scrap value is also called salvage value. It's different from the original value of the thing when it was new or in good condition.

A more thorough explanation:

Definition: The amount of money that can be obtained from selling an asset after it has become useless to the owner.

Example: A company has a machine that is no longer functioning and cannot be repaired. The scrap value of the machine is the amount of money the company can get by selling the machine for parts or as scrap metal.

This example illustrates how scrap value is the residual value of an asset after it has reached the end of its useful life. It is the amount of money that can be obtained from selling the asset for its parts or materials.

scrambling possession | scratching the ticket

General

General chat about the legal profession.

General >T14 Off Topic

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Dkk

19:38

Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.

llama

20:48

what.jpg @Dkk

CynicalOops

21:03

You think you just fell out of a coconut tree?

jackfrost11770

21:10

nope dk

llama

21:17

https://www.youtube.com/watch?v=z7_5nHIbsjo i love K Harris <3

CynicalOops

22:37

Calvinamala Harris

jackfrost11770

23:16

should i start using letterboxed again

Dkk

23:25

@jackfrost11770: if you want but like it aint for me

chickenburgahfart

23:39

dk do u ever eat at bk

Dkk

23:48

@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.

chickenburgahfart

23:51

bk so slept on

Dkk

0:23

I will take In N Out everyday over it when I can though.

texaslawhopefully

1:22

In N Out is not only the best fast food place, but the prices too are fantastic

Dkk

1:27

Indeed, indeed.

BulbasaurNoLikeCardio

7:51

@texaslawhopefully: best prices and only fast food that doesn't make me sick

chickenburgahfart

9:46

matt gaetz ethics report released

chickenburgahfart

9:46

paid for sex with a junior in high school

chickenburgahfart

9:46

guarantee people still defend him

BulbasaurNoLikeCardio

9:51

I only read headlines and skimmed a random article of it since I am the only one at work this week. Seems like he is Republican Hunter Biden but not at the paying rent with poop paintings stage

ImpartialLion

9:55

Sent in my transcript at 6 am today and it’s processing. Think it will be processed before lsac closes tmrw?

BulbasaurNoLikeCardio

9:58

I would say it is a toss up, for how much LSAC charges us for everything they are extremely efficient in processing and sending stuff out BUT with a 30% uptake in applicants and the holidays it may be significantly slower unless it is ran through and processed by a computer program. Even if it takes them longer to process it, not like there is anyone at a school to request and review it after LSAC does their thing

SplitterusClitterus

10:04

Do we know if any of the t14 open at all this week

VolatileClumsyAcolyte

10:24

just called Fordham. they said there will be decisions going out today

VolatileClumsyAcolyte

10:24

so congratulations on pre xmas waves

BulbasaurNoLikeCardio

10:27

Hope schools are chill and just send As leaving the Rs for next month lol

soap

10:49

Fingers crossed for good luck today

BulbasaurNoLikeCardio

10:56

@soap: really hoping to get that UTK call today

cheriebomb

11:08

what if instead of a room of one’s own virgina Woolf wrote a cubicle of one’s own

perfectlypeppered

11:10

UGA ED deferrals are coming out rn

Unrepentant-Caucasian

11:31

Only 14 days left until HLS sends out their first wave of decisions. I'm thinking about re-using my advent calendar to help me count down

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