business organizations

Syndicate

Definition

See: joint venture.

Takeover

Definition

The change in controlling interest in a corporation. Takeovers can be unfriendly (hostile), meaning adversarial to the existing management or friendly, meaning with the approval of existing management.

See alsoHostile TakeoverGreenmail

Tender offer

Definition

A public offer to buy shares of a corporation, usually at above market price and with the intention of gaining controlling interest in the target corporation. An acquirer making a tender offer for more than 5% of a corporation's shares is...

UBO

Definition

Unincorporated business organization. See: Massachusetts trust.

Unincorporated

Not incorporated. Specifically -

1. A organization that has not been formed into a legal corporation.

2. Not combined or mixed with something else. Thus, in constitutional law, an unincorporated amendment of the U.S. Constitution is...

Unincorporated business organization (UBO)

See: Massachusetts trust.

Voting trust

Definition

A trust formed when individual shareholders transfer both the legal title and voting rights in their shares to a trustee. The trustee then controls a unified voting block - with a stronger voice on matters of corporate governance than the...

Watered stock

Definition

Stock that is sold with a face value that is much greater then its actual (market) value. While watered stock may appear to be a good value, due to corporation laws, the stock holder may be exposed to liability up to the face value (rather...

Winding up

Definition

The settlement of debts and liquidation of assets, done with the goal of dissolving a partnership or corporation.

See: Dissolution of corporation.

Winding up a corporation

Definition

See: Dissolution of corporation.

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