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LSDefine
Simple English definitions for legal terms
profit
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A quick definition of profit :
Term: Profit
Definition: Profit is when someone is allowed to go onto someone else's land and take things that grow naturally there, like fish, trees, sand, or crops.
A more thorough explanation:
Profit
A profit is a legal right that allows someone to enter another person's land and take some of the natural resources found there. This can include things like fish, timber, sand, or crops.
- A fisherman who has been granted a profit may enter someone else's lake and catch fish.
- A logger who has been granted a profit may enter someone else's forest and cut down trees for timber.
- A farmer who has been granted a profit may enter someone else's field and harvest crops.
These examples illustrate how a profit can be used to allow someone to use the natural resources found on someone else's land. It is important to note that a profit is a legal right that must be granted by the landowner, and it only allows the person with the profit to take specific resources.