Corporation - Law Dictionary Search Results
intra vires
intra vires [New Latin] : within the powers [a corporate director acting intra vires] compare ultra vires
legal
of, relating to, or having the characteristics of the profession of law or one of its members [a corporate department] [the community] b : of or relating to the study of law [continuing education] le·gal·ly adv
lockup
: the tactic of arranging with a friendly party an option to buy a valuable portion of one's corporate assets in order to discourage a takeover by another party
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franchise tax
franchise tax : a business tax imposed upon various corporations granted a franchise
manual
as if involving use of the hands ;specif : of, relating to, or being a gift of a corporeal movable object that is actually delivered [a donation] man·u·al·ly adv
minority shareholder
shareholder whose proportion of shares is too small to confer any power to exert control or influence over corporate action
mortmain
mortuus) + main hand, from Latin manus] 1 : the possession of real property in perpetuity by a corporate body (as a church) ;also : the condition of property in such possession 2 : the controlling influence
obligation
"Davis v. American Family Mut. Ins. Co., 521 N.W.2d 366 (1994)"] 2 : a debt security (as a corporate or government bond) see also collateralized mortgage obligation 3 : what one is obligated to do, satisfy, or
outside director
outside director : a corporate director who is neither an employee nor an officer
phantom stock plan
stock which are redeemable at a specified future date for the market value of an equivalent number of corporate shares but which in the interval are nontransferable, have no cash value, and confer none of the noneconomic
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