Periodic reports are documents that public companies must continuously file with the Securities and Exchange Commission (SEC) which disclose material updates on the company’s business operations. There are three ways a company can have a...
ACADEMIC TOPICS
perpetuity
Perpetuity means something that continues indefinitely. In finance, this can refer to an annuity–rather, a cash flow–that continues on forever. As stated by Finance Formulas, a perpetuity is an annuity that is paid out in periodic payments...
physician-assisted suicide
Physician-assisted suicide is an end of life measure for a person suffering a painful, terminal illness. It is considered a form of active voluntary euthanasia, also described as a mercy killing or the “right to die.” During a physician-...
Piercing the veil
Piercing the veil, also known as "piercing the corporate veil" refers to a situation in which courts put aside limited liability and hold a corporation's shareholders or directors personally liable for the corporation’s actions or debts. Veil...
Plenary
Full, absolute, and unqualified. Thus, someone with plenary authority over a project has absolute power over that project. Similarly, a plenary session is a meeting called by group leaders with the intention of having the full group in attendance....
Pocket part
Found inside the back cover of certain legal reference books. When examining such books, these small booklets are consulted to ensure that the most current law is examined.
policy
A policy is a guiding principle that leads a government or agency to make laws or to govern effectively. From a narrow angle, policy also refers to the rules and regulations made by an administrative department. Administrative regulations or...
polygamy
Polygamy is the practice of having more than one spouse at the same time. Polygamy as a crime originated in the common law, and it is now outlawed in every state. In the United States, polygamy was declared unlawful through the passing of...
Ponzi scheme
Ponzi schemes are a type of investment fraud in which investors are promised artificially high rates of return with little or no risk. Original investors and the perpetrators of the fraud are paid off by funds from later investors, but there...
post
Post can have many meanings in a legal context:
1) To place a notice prominently. For example, a Department of Labor regulation, 29 CFR § 825.300, requires covered employers to “to post and keep posted on its premises, in conspicuous places...