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LSDefine

Simple English definitions for legal terms

surplus

Read a random definition: prudent person rule

A quick definition of surplus:

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.

A more thorough explanation:

Surplus refers to the excess or leftover amount of something. It can be used in different contexts:

  • Financial surplus: This refers to the excess of money received over money spent. For example, if a company earns $100,000 in revenue but only spends $80,000 on expenses, it has a surplus of $20,000.
  • Partnership surplus: When a partnership is dissolved and all debts are paid, any remaining funds are called surplus.
  • Corporate surplus: This refers to a corporation's net worth beyond the par value of its capital stock. For example, if a company's assets are worth $1 million and its liabilities are $500,000, its surplus is $500,000.

These examples illustrate how surplus refers to the extra or leftover amount of something, whether it's money, assets, or funds.

surname | surplus earnings

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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