Gain
Legal definition for Indian law research
Definition
gain
1 : an increase in value, capital, or amount compare loss
capital gain
: a gain realized on the sale or exchange of a capital asset (as a stock or real estate)
ca·su·al·ty gain
: a gain realized by an insured because property insurance benefits paid for a loss from a casualty or theft are greater than the adjusted value of the insured asset
long-term capital gain
: a capital gain realized on the sale or exchange of an asset held for more than a specified period (as a year)
ordinary gain
: a gain from the exchange or sale of an asset that is not capital
short-term capital gain
: a capital gain realized on the sale or exchange of an asset held for less than a specified period (as a year) that is treated as ordinary income under federal income tax laws
2
pl
in the civil law of Louisiana
: a class of community property that reflects the increase in property value contributed by the common skill or labor of the spouses
gain vb
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.