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factoring

the purchasing of accounts receivable from a business by a factor who assumes the risk of loss in return for some agreed discount

franchise

rules and procedures designed by the company and services (as advertising) and facilities provided by the company in return for fees, royalties, or other compensation ;also : a business granted such a right or license [ran a

fraudulent conveyance

otherwise hindering or defeating the rights of creditors ;specif : a conveyance of property that is made in return for inadequate consideration by one who is insolvent or who is rendered insolvent, undercapitalized, or unable to pay

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functus officio

duty, having served its purpose] : of no further official authority or legal effect [the warrant… had been returned and was functus officio "Cady v. Dombrowski, 413 U.S. 433 (1973)"] [once an arbitrator makes an award she

general verdict rule

general verdict rule : a rule providing that if a jury returns a general verdict in favor of one party it is presumed to have found in favor of that

gratuitous

gratuitous : not involving a return benefit, compensation, or consideration compare onerous gra·tu·i·tous·ly adv

hire

[all new s will enjoy the same medical benefits] for hire : available for use or service in return for payment vb hired hir·ing vt 1 : to engage the personal services of or the temporary use

declaration

the amount of tax estimated to be due (as on property or income) see also estimated tax compare return c : a statement of information (as year, make, and model) regarding the subject (as a car) and

cross-license

cross-license -censed -cens·ing : to license (a patent or invention) to another to use in return for a similar license [cross-licensed its patents with a Japanese company]

innocent spouse

liability for taxes on an amount of income that the other spouse failed to include on a joint return filed with the Internal Revenue Service NOTE: In order to be relieved of tax liability, the innocent spouse

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