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Simple English definitions for legal terms
ultra reprises
Read a random definition: Right of representation
A quick definition of ultra reprises:
Term: ULTRA REPRISES
Definition: Ultra reprises refer to the net amount obtained after deducting expenses from the total amount earned. It is the final amount that remains after all the costs have been taken into account.
A more thorough explanation:
Definition: Ultra reprises (pronounced "uhl-truh ri-pryz-iz") refers to the net amount of money left after all expenses have been deducted.
Example: A company earns $10,000 in revenue from selling products. However, they have expenses such as rent, salaries, and materials that add up to $7,000. The ultra reprises for this company would be $3,000 ($10,000 - $7,000).
The example illustrates how ultra reprises is the final amount of money a company or individual has after all expenses have been taken into account. It is the profit or income that can be used for further investments or personal use.