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LSDefine

Simple English definitions for legal terms

cash budget

Read a random definition: fraudulent-concealment rule

A quick definition of cash budget:

Cash budget: A plan that shows how much money a business has at the beginning of a period, how much money it expects to get, how much money it plans to spend, and how much money it will have left at the end of the period. It helps the business predict how much money it will have in the future.

A more thorough explanation:

A cash budget is a financial plan that outlines a business's expected cash inflows and outflows over a specific period. It is a period-by-period schedule that shows the opening cash balance, estimated cash receipts, cash disbursements, and closing cash balance.

For example, let's say a business wants to create a cash budget for the next quarter. They estimate that they will have $10,000 in cash at the beginning of the quarter. They also expect to receive $50,000 in cash from sales and $5,000 in cash from other sources. Their estimated cash disbursements for the quarter include $30,000 for inventory, $10,000 for rent, $5,000 for utilities, and $5,000 for salaries. Based on these estimates, the business's closing cash balance for the quarter would be $15,000.

The purpose of a cash budget is to help businesses manage their cash flow effectively. By forecasting their cash inflows and outflows, businesses can identify potential cash shortages and take steps to address them before they become a problem. For example, if a business's cash budget shows that they will have a cash shortfall in a particular month, they may decide to delay a purchase or negotiate better payment terms with their suppliers.

cash book | cash collateral

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14:47
it has significantly impacted my opinion on their law school
14:48
week* frick
BluePacedCephalopod
14:49
yeah like i've gotten radio silence from them since october
BluePacedCephalopod
14:49
like if you don't want me that's fine but why not reject or WL people? too busy having Zoom seminars
BluePacedCephalopod
14:50
like it's actually so rude that they don't have the decency to R/WL before like April
15:03
Lmaoo the Zoom seminars
GW is requesting my fall transcripts (I had intended to apply during the fall semester when I requested them, but had three hurricanes-one with water rescues in my neighborhood-an emergency 2 1/2 week trip to Colorado to say goodbye to my mother-in-law, then I received my service dog, which required another eight days away from school for training), so I ended up applying this month. If I request new transcripts through LSAC, does each school I applied to receive them? I'm hoping to not have to write an addendum of why all of my narrative evaluations mention my busy schedule or that I had to miss classes and whatnot. (My school doesn't do letter grades.)
AnotherUsername1
16:31
Yes, they receive them automatically from LSAC
@AnotherUsername1: Thank you! :)
1a2b3c4d26z
17:00
hi
omelette
17:22
yooo 1a
omelette
17:22
its eggan
omelette
17:22
eff i missed him
Do y'all think Berkeley's gonna reject me or waitlist me. An A seems unlikely atp.
omelette
18:24
i feel the same way
'tis very sad
It sucks cause I feel like I fucked up my video statement but the rest of my app was strong and now the video statement isn't even a requirement
I think as long as you haven't been R or WL, you're still in the running! I don't think they'd leave anyone hanging if they already knew! <3
BatmanBeyond
19:12
Tried negotiating scholarships with the school but they basically called my bluff saying I have to share other letters by the deposit deadline to get any $. It feels good to bet on myself though
1a2b3c4d26z
19:37
EGGGGG
1a2b3c4d26z
19:38
MY MAN
1a2b3c4d26z
19:38
How's it goin
[M] hw03
20:46
how's everyone doing
did anyone have a penn date change? mine went into review early feb, then the date on the portal changed to a couple days ago.. but no email update wondering if anyone else is in the same boat
omelette
22:24
@1a2b3c4d26z: im ok just waiting on a few more schools
0:32
how do you fuck up a video statement when youre well aware its going to happen and its straightforward
Obama
2:13
You’re an idiot
Obama
2:14
There’s a variety of ways for it to go awry
omelette
2:59
yeah true, an alarm noise went off in the middle of my video statement and i just kept going but it could have prevented the adcomms from hearing what i was saying
I have hemorrhoids, how do I negotiate for more gibs when I don't have a competing offer
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