commercial law

See Adhesion contract.

A contractor is a business or entity that agrees to perform work under terms of a contract. Contractors are distinct from employees in that they are generally in charge of how work will be performed and are obligated to provide a specified result for the employer. 

• llcs-corporations-partnerships

A contractual lien is a lien created by agreement between parties rather than arising from common law or

Control as a verb is to exercise one’s power or authority over something or someone, to regulate or govern, or to have a controlling interest in. Control as a noun is the power to govern, manage, direct, or oversee something or someone. 

[Last reviewed in June of 2021 by the Wex Definitions Team]

A de jure corporation is a corporation whose legal right to exist cannot be questioned even by the state.

• llcs-corporations-partnerships

A dealer has two common definitions in the legal context:

• llcs-corporations-partnerships

Debentures refer essentially to unsecured bonds within the United States. Corporations and governments use debentures as long term funding options, usually for major expansions and projects in the case of corporations. Debentures have set interest rates, payback periods, and regular interest payments as most other bonds do.

A debit card is a payment card issued by a bank or other financial institution that allows the cardholder to purchase goods and services and to withdraw funds directly from a linked bank account through an automated teller machine (ATM). Like a credit card, it can be used in place of cash for transactions.

Under the Fair Debt Collections Practices Act, 15 U.S.C. § 1692(a), a debt collector is defined as any business with the principal purpose of collecting debts for third parties via an instrumentality of interstate commerce or the U.S. mails.