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Simple English definitions for legal terms

surplus profit

Read a random definition: Foreign Sovereign Immunities Act

A quick definition of surplus profit:

Surplus profit is the extra money a business makes after paying for all its expenses. It's like having some money left over after buying everything you need. Some places only allow businesses to give out dividends (money to shareholders) from surplus profit. It's important for businesses to have surplus profit so they can save money for the future or invest in new things.

A more thorough explanation:

Surplus profit is the extra money a business makes after paying all its expenses. It is also called undivided profit or accumulated profit. This profit has not been distributed to the owners or shareholders of the business yet. Some jurisdictions only allow dividends to be paid from surplus profit.

For example, if a company makes $100,000 in revenue and spends $80,000 on expenses, the surplus profit would be $20,000.

Another type of profit is gross profit, which is the total sales revenue minus the cost of goods sold. Net profit is the total sales revenue minus all expenses. Operating profit is the total sales revenue minus all operating expenses.

There are also profits related to land ownership, such as profit à prendre, which is the right to take something from the land, like minerals or timber. A profit can be appurtenant, which means it benefits a specific piece of land, or in gross, which means it can be exercised independently of land ownership.

For example, a farmer may have a profit appurtenant to their land that allows them to graze their cattle on a neighboring piece of land. Or, a mining company may have a profit à prendre to extract minerals from a specific area of land.

surplus earnings | surplus revenue

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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