Corporation - Law Dictionary Search Results
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
possession
substance or other contraband d in the civil law of Louisiana : the detention or enjoyment of a corporeal thing e : control or occupancy of property actual possession 1 : direct occupancy, use, or control of
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proxy
document (as a power of attorney) given by a stockholder to a specified person or persons to vote corporate stock 3 a : a person authorized to act or make decisions for another [appointed a health-care ]
proxy contest
proxy contest : a shareholder's challenge to an action or the control of corporate management accomplished through the solicitation of proxies from other shareholders called also proxy fight
reciprocal exchange
reciprocal exchange : an unincorporated association in which members (as individuals, partnerships, trustees, or corporations) exchange contracts and pay premiums through an attorney-in-fact for the insurance of each other [liability of each member
repellent
repellent : a method used to avoid or discourage a hostile corporate takeover
going private transaction
going private transaction : a corporate action (as a recapitalization, share repurchase, or tender offer) taken as part of going private
franchise tax
franchise tax : a business tax imposed upon various corporations granted a franchise
ripe
because reasonably determined to be valid and not required to be kept secret for business reasons used of corporate information ripe·ness n
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