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LSDefine

Simple English definitions for legal terms

working capital

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A quick definition of working capital:

Working capital refers to the amount of money a company has available to cover its day-to-day expenses and operations. This includes things like paying employees, buying inventory, and paying bills. It's important for a company to have enough working capital to keep things running smoothly, but not too much that it's tied up and not being used effectively.

A more thorough explanation:

Definition: Working capital refers to the amount of money a company has available to cover its day-to-day expenses and operations. It is calculated by subtracting a company's current liabilities from its current assets.

Example: If a company has $100,000 in current assets (such as cash, inventory, and accounts receivable) and $50,000 in current liabilities (such as accounts payable and short-term loans), its working capital would be $50,000.

This example illustrates how working capital is important for a company's financial health. Having enough working capital means that a company can pay its bills and continue operating smoothly, while a lack of working capital can lead to financial difficulties and even bankruptcy.

Working Interest: In the oil and gas industry, working interest refers to the rights granted by a lease to search for, develop, and produce oil and gas on a property. The lessee (the company or individual who holds the lease) is responsible for all costs associated with these activities.

Example: If a company holds a lease for an oil and gas property and has a 50% working interest, it means that they are responsible for paying 50% of the costs associated with exploring, drilling, and producing oil and gas on that property.

This example illustrates how working interest is a key concept in the oil and gas industry, as it determines who is responsible for the costs and risks associated with developing a property for oil and gas production.

workhouse | working model

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
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
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