Disassembly and examination of products that are available to the public.
The accumulated profits of a corporation that are not paid out as dividends. Instead, the money is reinvested in the core business or used to pay off debt. Also called accumulated earnings or earned surplus.
An endorsement signed on the back of a check, note, or bill of exchange that restricts to whom the paper may be transferred -- for example, "for transfer only to Frank Lowry." Also spelled "indorsement."
Any activity (including agreements among competitors or companies doing business with each other) that tends to limit trade, sales, and transportation in interstate commerce or has a substantial impact on interstate commerce. Most restraints of trade are illegal under various antitrust statutes. Some state laws also outlaw local restraints on competitive business activity. (See also: monopoly)
Selling again, particularly at retail (a retail product is sold once to the retail store and again to the final customer). In many states, a resale license, resale number, or seller's permit is required so that the state can monitor the collection of sales tax on retail sales.
1) The act of representing -- for example, by serving as agent for another or acting as an attorney for a client. 2) A statement of alleged fact either in negotiations or in court. 3) A process by which an heir inherits in place of a predecessor, called right of representation.
The amount you would have to pay, at the present time, to replace a particular item, taking into consideration the item's age and condition.
Keeping an existing agreement in force for an additional period of time, such as a lease, a promissory note, insurance policy, or any other contract. Renewal usually requires a writing or some action which evidences the new term.
In a 1031 exchange, the property the investor is selling. Instead of receiving the funds, the investor has them held in trust (usually, with a neutral trustee), until he or she uses the funds to purchase a replacement property.