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Simple English definitions for legal terms

unrealized profit

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A quick definition of unrealized profit:

Unrealized profit is a type of profit that has not yet been earned or received. It is also called paper profit because it is only anticipated and not yet realized. For example, if you own stocks that have increased in value but you have not sold them yet, the profit you would make from selling them is unrealized. It is important to note that unrealized profit is not the same as actual profit, which is the money you have earned after all expenses have been paid.

A more thorough explanation:

Unrealized profit refers to a profit that has not yet been earned or received. It is also known as paper profit. This means that the profit is only anticipated but has not yet been realized. For example, if you own stocks that have increased in value, the profit you would make by selling those stocks at a higher price than you bought them for is an unrealized profit until you actually sell them.

Unrealized profit is different from realized profit, which is the profit that has been earned and received. For instance, if you sell those stocks at a higher price than you bought them for, the profit you make is a realized profit.

Another example of unrealized profit is when a company has assets that have increased in value but have not yet been sold. The increase in value is considered an unrealized profit until the assets are sold and the profit is realized.

unrealized loss | unrealized receivable

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15:38
Isn’t uchicago like Top 4 tho
choosingpeace
15:38
@cumsock: they said there's like nothing to do there lol
choosingpeace
15:38
ive never been so i was just like ohhh
texaslawhopefully
15:38
UChicago is number one
^ period
u know it was a double thing. I missed II and my gf didn't want to live in the midwest anymore
15:39
But it’s fucking uchicago thooo LOL
15:39
I
15:40
Makes sense tho
cumsock
15:40
@choosingpeace: there’s plenty to do in Philly 😂 it’s a giant city
So after missing the II, I was like whatever. Maybe it's a sign to withdraw
nah making decisions off the gf is out of pocket
nahhhhh we been together since 10th grade
texaslawhopefully
15:40
I guess it depends what your goals are. If it's generic biglaw, CLS will get you the same outcome
6 yrs on January 30th
lilypadfrog
15:40
awwww <3 i love love
I also like CLS for liberal clerking. approx 41 FCOA clerks per yr
It's there if I excel. if not then I'm chill with sticking to BL
texaslawhopefully
15:41
CLS is not even close to Chicago for clerking lmao
choosingpeace
15:41
wait would yall pick CLS or penn?
I didn't apply to either but I would pick penn
15:42
penn bc im in state
no no it's not. But I wouldn't clerk conservative, so idk about Chi #s for myself
cumsock
15:42
Penn
texaslawhopefully
15:42
I guess that's fair. From what I've heard UChicago for conservatives is on par w/ HYS for clerkships
texaslawhopefully
15:42
not sure about for liberals
cumsock
15:43
They’re very similar tho
cumsock
15:43
Both t6 ivies
Is that NYU disrespect???? NYU out the t-6?
15:44
Penn because my college friends who mentored me go there
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