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LSDefine

Simple English definitions for legal terms

surplus profit

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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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9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
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