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LSDefine

Simple English definitions for legal terms

wasting asset

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A quick definition of wasting asset:

A wasting asset is something that you own that loses value over time. This could be something like a car or a computer that becomes less valuable as it gets older and is used more. Assets are things that you own that have value, like money or property. They can be used to pay off debts or distributed to others. A current asset is something that can be easily turned into cash, like a savings account or stocks. A fixed asset is something that is used to run a business, like equipment or land.

A more thorough explanation:

A wasting asset is an item that is owned and has value but loses value over time. This can include assets such as machinery, vehicles, and buildings that depreciate in value as they age or wear out.

For example, a company's fleet of delivery trucks is a wasting asset because their value decreases as they accumulate mileage and require maintenance. Similarly, a piece of real estate located in an area with declining property values is also a wasting asset.

Wasting assets are important to consider when valuing a company or individual's assets, as they may not be worth as much as they were originally purchased for.

wastewater | wasting property

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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