business law

Annuity

Definition from Nolo’s Plain-English Law DictionaryA purchased policy that pays a fixed amount of benefits every year -- although most annuities actually pay monthly -- for the life of the person who is entitled to those benefits. In a simple life annuity...

Antenuptial Agreement

A contract entered into by two people who intend to marry. It includes provisions, such as spousal support and property distribution, in the event of a later divorce.

Anti-Greenmail Provision

Definition

Provision in a corporate charter that prevents the board of directors from making greenmail payments. Usually allows the buyback to occur with the approval of a majority of the non-controlling shareholders.

See alsoGreenmailArticle of...

Anticipatory Breach

In contract law, anticipatory breach occurs when a party repudiates prior to the date that the performance is due. Anticipatory breach is an excuse for non-performance by the non-breaching party. A party can retract its anticipatory breach provided...

Antitrust

Overview

Antitrust refers to laws which regulate the concentration of economic power, particularly with regard to trusts and monopolies.

History

Because of fears during the late 1800s that monopolies were dominating America's free market...

Antitrust Laws

Definition from Nolo’s Plain-English Law DictionaryFederal and state laws created to regulate trade and commerce by preventing unlawful restraints, price-fixing, and monopolies. The laws are intended to promote healthy market competition and encourage the...

Antitrust Violations

Violations of laws designed to protect trade and commerce from abusive practices such as price-fixing, restraints, price discrimination, and monopolization. The principal federal antitrust laws are the Sherman Act (15 U.S.C. §§ 1-7) and the Clayton Act...

Apparent Authority

Overview

Apparent authority is the power of an agent to act on behalf of a principal, even though not expressly or impliedly granted. This power arises only if a third party reasonably infers, from the principal's conduct, that the principal granted...

APR

See: Annual Percentage Rate

Arm's Length

Definition

Of or relating to transactions between two parties who are independent and do not have a close relationship with each other. Presumably, these parties have equal bargaining power and are not subject to undue pressure or influence from...

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