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LSDefine

Simple English definitions for legal terms

windfall

Read a random definition: detection

A quick definition of windfall:

Windfall: A surprise benefit or profit that someone receives without causing it themselves.

A more thorough explanation:

A windfall is an unexpected benefit, usually in the form of a profit, that is not caused by the recipient. For example, if someone wins the lottery, they receive a windfall of money.

A windfall-profits tax is a tax imposed on companies that receive a sudden and large increase in profits due to unforeseen circumstances, such as a natural disaster or war.

Winding up is the process of settling accounts and liquidating assets in anticipation of a partnership's or a corporation's dissolution. This is done to ensure that all debts are paid and assets are distributed fairly among the partners or shareholders.

Window-dressing is the deceptive arrangement of something, usually facts or appearances, to make it appear more attractive or favorable. For example, some financial managers may engage in window-dressing by selling certain positions at the end of a quarter to make an investment's quarterly performance appear better than it actually was.

These examples illustrate how windfall, windfall-profits tax, winding up, and window-dressing are used in different contexts. Understanding these terms is important for anyone interested in finance and business.

Winchester measure | window tax

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General

General chat about the legal profession.
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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
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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