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Simple English definitions for legal terms

windfall

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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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i heard the group interview is really chill and I'm kinda excited to do it
seems cool
13:14
Yeah, 7sage has a page that talks about the questions for each schools interview, GULC's seems unique
13:15
Idk how much of an effect it has on admissions chances but should be cool either way
ive heard the conversion rate for gulc group interview is pretty high even moreso if you have the stats
it's hard to say but i've also heard that the group interview is harder to get than the alumni interview. but who really knows tbh
im p sure they don't interview everyone and getting one this early should be a great sign!
13:16
Yeah I've heard the same ab the group interview
13:17
So maybe I'll see you in D.C. a year from now lmao
initiallaw
13:32
Speaking of stat twins kazuyamishima were exact stat twins lol
17:13
Anyone going to the UGA zoom thing on the 22nd?
17:16
My bad, 24th*
Idk, what's it for?
@Law-Guy: How'd you get the Vandy fee waiver?
17:32
What does going ur3 in 3 days mean at Uva 😅
that you will get UR2 in 3 more
17:33
somethings gotta give
I’m new. What’s the UR and UR2?
17:35
I already went ur2. It’s the 3rd status date change
17:35
@RustyWrangler: attend one of their virtual info sessions and they'll send you a fee waiver
@Law-Guy: Awesome, thanks! I'll sign up rn!
i'm not entirely sure
They've recently been sending a lot of interview invites
It means status change?
17:47
Someone said there is a wl/r wave coming but how can that even be predicted 😭
17:48
Where?
Quillinit
17:50
This is obviously not true for UVA. Past years show they don't send any non A results until December
boglue
18:05
this is gonna sound so dumb but what do yall mean when you say date change
18:07
So the date under “application under review” changes with each reader.
boglue
18:08
does anything automatically update on the lsd checker or is that all manual
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