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receiver's certificate

receiver's certificate : a debt instrument that is issued by the receiver of a corporation and that may have priority over other liens against the company

restructure

restructure -tured -tur·ing vt : to change the makeup, organization, or pattern of [ a corporation] [companies trying to their debt "Claudia MacLachlan"] vi : to restructure something

secretary

secretary pl: -tar·ies often cap 1 : an officer of a business concern who may keep records of directors' and stockholders' meetings and of stock ownership and transfer and help supervise the company's interests 2 :...

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valued policy law

valued policy law : a law requiring insurance companies to pay to the insured in case of total loss the full amount of insurance regardless of the

target

target : the object to be affected or achieved by an action or development ;specif : a company that is the object of a takeover

utility

utilities "Ware v. Public Serv. Co., 412 A.2d 84 (1980)"] 3 pl : stocks or bonds of utility companies [utilities performed poorly]

undercapitalized

undercapitalized : having too little capital for efficient operation [ companies]

trust account

trust account : an account opened with a trust company (as a bank) under which an inter vivos or testamentary trust is set up (as for the escrow of funds)

treaty

3 : a document embodying a negotiated agreement or contract 4 : an agreement or contract (as between companies) providing for treaty reinsurance

tender offer

tender offer : a public offer to purchase a specified number or range of shares from shareholders usually at a premium and in an attempt to gain control of the issuing company

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