business law

spot month

The month in which a futures contract matures and becomes deliverable.

Squeeze-out

Definition

The forced sale of stock owned by minority shareholders in a joint-stock company, usually in the context of an acquisition. State law governs squeeze-outs and requires fair cash value be paid to the minority shareholders from the acquiring...

Standard contract

See Adhesion contract.

Standard Oil Co. of New Jersey v. United States (1911)

Standard Oil Co. of New Jersey v. United States (1911) is a U.S. Supreme Court case holding that Standard Oil Company, a major oil conglomerate in the early 20th century, violated the Sherman Antitrust Act through anticompetitive actions, i.e...

State action antitrust immunity

Under the state-action doctrine elucidated in Parker v. Brown, 317 U.S. 341 (1943), state and municipal authorities are immune from federal antitrust lawsuits for actions taken pursuant to a clearly expressed state policy that, when legislated, had...

Statute of frauds

A statute requiring certain contracts to be in writing and signed by the parties bound by the contract. The purpose is to prevent fraud and other injury. The most common types of contracts to which the statute applies are contracts that involve the...

Stock

Definition

Equity ownership in a corporation, entitling the owner to share in the profits of the corporation.

See alsoCommon stockShareholders' agreement

Stock certificate

Definition

A printed certificate issued by a corporation to a shareholder, documenting ownership in a stated number of a shares of that corporation's stock.

See alsoStockCorporation

stock dividend

Definition from Nolo’s Plain-English Law DictionarySee: dividend

Definition provided by Nolo’s Plain-English Law Dictionary.

stock in trade

Definition from Nolo’s Plain-English Law DictionaryThe inventory held by a business for sale.

Definition provided by Nolo’s Plain-English Law Dictionary.

Pages