corporations

A/R

Definition

Abbreviation for accounts receivable.

Accelerated Depreciation

Definition

Any method of depreciation used by businesses for accounting or tax purposes that allows greater deductions in the earlier years of the life of a company asset, as opposed to the straight-line depreciation method.

Accelerated...

Accredited Investor

Under federal law, no securities may be sold or offered for sale unless they are registered, or there is an exception. An accredited investor is one such exemption: certain high-net-worth individividual, as defined in Rule 501 of Regulation D who may...

Accumulated Earnings

Definition

Net profits of a company that are not distributed as shareholder dividends. Accumulated earnings are often reinvested into the company itself.

See alsoDividendProfit

Adverse Domination

The doctrine of adverse domination allows the statute of limitations on a claim for breach of fiduciary duty against directors and officers of a corporation to be tolled until the corporation is no longer controlled by the alleged wrongdoers. This...

Agent for Acceptance of Service

Definition

See: Agent for service of process

Agent for Service of Process

Definition

The person designated by a business entity, such as a corporation, to receive legal correspondence on behalf of the business entity within the state which the agent's address is located. The person may be an officer of the corporation or a...

Alter Ego

Definition

Legal doctrine whereby the court finds a corporation lacks a separate identity from an individual or corporate shareholder, resulting in injustice to the corporation’s debtors. Finding alter ego gives the court cause to pierce the...

Amortization

Definition from Nolo’s Plain-English Law Dictionary(1) A periodic payment plan to pay a debt (such as a mortgage or car loan) by a certain date, in which interest and a portion of the principal is included in each payment. Payments are usually calculated...

Annual Meeting

Definition

An annual meeting of the shareholders of a corporation, at a time and place determined by the corporation's bylaws. Also known as the "annual general meeting" (AGM). Shareholders meet to elect directors whose seats on the board are up for re-...

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