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LSDefine

Simple English definitions for legal terms

windfall

Read a random definition: ut voluntas testatoris sortiatur effectum

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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jackfrost11770
13:56
How was that too ambitious of a thought
jackfrost11770
13:57
March at the very least atp
13:57
@llama: thank you!!! 44 apps thats crazy dude
Trismegistus
13:57
jack me too buddy
lilypadfrog
13:57
@info-man: I applied like a week before you and just went UR a couple days ago you’ll get there in a minute
13:57
I'm actually never gonna hear from BU
13:57
definitely not ambitious at all. this cycle's turning out to be as slow as the last one probably due to high app volume
13:57
@lilypadfrog: okay cool good to know
13:58
i really think they should push back seat deposits to june
13:58
its unfair
jackfrost11770
13:58
Recent boo I applied to BU in Oct
13:59
I've been complete since mid Sept:(
13:59
If I knew I would still be waiting in January I probably wouldn't have applied so early
jackfrost11770
14:00
Me neither
jackfrost11770
14:00
Someone applied to nyu in December and got today
jackfrost11770
14:00
I mgoikg to lose my fucking mind
14:01
re seat deposit: does any1 know if u can request to delay 1st seat deposit? some school are really early it seems
[] starfishies
14:02
if they delayed decisions we should be able to delay deposits... but we do not live a perfect world so i doubt it
lilypadfrog
14:03
yeah you can request an extension. usually it’s like a week though
14:03
i need tips for not falling asleep at work
drugs
14:03
can we talk about something interesting like i dont know drugs sex death
ReminiscentZestyFish
14:04
Everyone admitted to penn looks like above medians
14:04
time to harass glove on linkedin
lilypadfrog
14:06
that’s a good way to stay awake. tell him to come back here
14:08
lily i broke a rubber band already
14:08
le sigh
lilypadfrog
14:08
damn you get vicious with it. just pinch yourself or something
lilypadfrog
14:09
don’t break your finger
14:13
its a bum-ass law school but LSD really needs to update UCLawSF's name
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