Simple English definitions for legal terms
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Surplus means having more than what is needed or required. It can refer to the extra amount of money or resources left over after all expenses have been paid. For example, if you have $10 and only need to spend $8, you have a surplus of $2. Surplus can also refer to the extra value of assets or earnings that a company has beyond what is necessary to cover its debts and obligations. This extra value can be used for future investments or distributed to shareholders as dividends.
Surplus refers to the excess or leftover amount of something. It can be used in different contexts:
These examples illustrate how surplus refers to the extra or leftover amount of something, whether it's money, assets, or funds.