commercial activities

stockholder's derivative action

A stockholder's derivative action, also referred to as a shareholder derivative suit, is a lawsuit brought by a shareholder or group of shareholders on behalf of the corporation against the corporation’s directors, officers, or other third...

storage lien

A storage lien is a security interest that may be acquired in property by someone who provides storage services for that property. The failure to pay for services as agreed may allow the lien holder to keep possession of the property involved...

straight-line depreciation

When a taxpayer acquires an asset, which is used for business purposes for a period of time, the Tax Code allows the company to deduct the cost of the asset over the consuming period, instead of deducting the cost at the purchasing time. This...

street

A street is a road or paved passageway in a town or city, owned and maintained by the municipality for public use. A street usually includes sidewalks, but a private road cannot be a street.

Cases such as this one from...

Subchapter S corporation

Subchapter S corporations, or S corporations, are corporations that are taxed on a "flow -through" basis. This means that tax liabilities from income (or deductions from losses) are passed onto the corporations' shareholders to be declared...

subcontractor

A subcontractor is a person or entity that has been awarded by the general contractor the performance of part of the work or services of an existing contract entered between the general contractor and the (original) contracting party....

subordination

Subordination is the act or process by which one person or creditor’s rights or claims are ranked below those of others, dealing with the distribution priority of debts between creditors.

A contractual subordination...

subordination agreement

Subordination agreement is a contract which guarantees senior debt will be paid before other “subordinated” debt if the debtor becomes bankrupt. Often, debtors or companies will need to take on more debt after having a previous loan, but in...

subprime loan

A subprime loan is a loan made to a borrower who is not eligible for the best market rates (known as prime rates), but rather at a higher rate of interest because of increased risk factors.

Subprime borrowers usually have...

subprime mortgage

A subprime mortgage is a subprime loan used as a mortgage (to buy property, such as a house).