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Simple English definitions for legal terms
plan
Read a random definition: worldwide military-locator service
A quick definition of plan:
A plan is a way of organizing or arranging something. It can be a plan for how to handle money when someone can't pay their debts (bankruptcy plan), or a plan for how a company will take care of its employees (employee benefit plan).
A more thorough explanation:
Definition: A plan is a detailed proposal for achieving a specific goal or objective.
Examples:
- Business Plan: A document that outlines a company's goals and strategies for achieving them.
- Financial Plan: A comprehensive strategy for managing one's finances, including budgeting, saving, and investing.
- Marketing Plan: A plan that outlines a company's marketing goals and strategies for achieving them, including advertising, promotions, and public relations.
These examples illustrate how a plan is a detailed proposal for achieving a specific goal or objective. Each plan outlines specific goals and strategies for achieving them, providing a roadmap for success.