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Simple English definitions for legal terms

cash budget

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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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im so dumb its literally Saturday
bbq it is
law school has made me unaware of the days of the week
me too, me too
amlaw
17:40
do you guys want to hear my newest irrational fear
[] ararara
18:18
That you have so much fun tonight dancing after the sun goes down you fall in love but way too hard and your heart pops!
[] ararara
18:19
Hi wherever you are hope you have a great Saturday! Stay hydrated!
hydrating! 👹
[] ararara
19:12
Hahah lolll show those fools your dance moves!! I am actually about to start working until about 4 in the morning so I can go out of town Tuesday so avenge me!
[] ararara
19:12
I came face to face with an Amazon worker on prime day though and that was crazy. Don’t think I’ll ever forget that. They looked completely drained it was insane.
rip to that young lad, wishing them hydration and days off from work. don’t work yourself too hard ara! chronic stress kills!
[] ararara
19:16
Thanks wasp right back at you! You too! This work is really interesting! It’s one of three jobs where it’s been hard to stop before school starts for sure.
babybunny
22:59
you have to be the art hoe gf u want to see in the world
willing
manifestmoreadmissions
0:24
bunny i am trying so hard idk if i can cut it
amlaw what's your fear
amlaw
10:02
that i got rejected from washu and just didn't see the email even though i've checked my spam and everything because they don't change their portals at all
that sucks :(
amlaw
10:36
and i know its crazy lol
hahaha yes it is crazy lol
babybunny
15:03
Heard Biden dropped out of the race. Made me remember when you said bye den dropped out of my life. You'll always be my first choice nominee. No need to text back
amlaw
15:03
i have never fully comprehended any of your messages bunny
when you said bye den dropped out of my life
i have a 3.38 and hope to get a 175+ on the LSAT
Does anyone know which schools place in federal positions outside of T14? UT,SMU, TAMU, George Mason, George Washington, ASU)
odds for sls waitlist this cycle?
Justvibin123
18:33
Who ever is accepted at Wayne state and is not attending can you please withdraw your app 🥹
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