Ex officio is a Latin term that means “by virtue of the office.” The term denotes a job or task assigned to someone as a result of another title they hold. For example, a CEO may be a member of a company board of directors automatically, or...
corporations
express authority
In agency law, express authority is an agent's power to act on behalf of a principal, expressly granted by the principal. It can be given in an agency agreement or through clear and express oral instructions. The result of express authority...
extraordinary compensation
Extraordinary compensation (also called extraordinary fees) is payment an attorney seeks for irregular tasks required in administering an estate such as extra accounting during a tax audit. The attorney must prove to a judge that the...
fictitious business name
A fictitious business name is a name used by a natural person or entity for conducting business under such a name, which is different from its legal name. In the case of entities, such as corporations, a fictitious business name is any name...
fictitious name
A fictitious name is an artificial name deliberately created or adopted. For example, a business may have a fictitious business name. Fictitious names may also be used when filing a lawsuit against someone whose name is unknown to the...
fiduciary
A fiduciary, derived from the Latin term for “trust”, is a person owing a fiduciary duty to another. When someone has a fiduciary duty to someone else, the person with the duty must act in a way that will benefit someone else financially....
fiduciary duty
Overview
When someone has a fiduciary duty to someone else, the person with the duty must act in a way that will benefit someone else financially.
The person who has a fiduciary duty is called the fiduciary, and the person...
fixed asset
Fixed Asset is an accounting term for property and equipment which are used in the production and distribution of services. Fixed assets are tangible, long-term assets or properties that are not consumed or easily converted into cash, and are...
foreign corporation
A foreign corporation is a corporation which is incorporated or registered under the laws of one state or foreign country and does business in another. In comparison, a domestic corporation is a corporation which is incorporated in the state...
Foreign Corrupt Practices Act (FCPA)
Foreign Corrupt Practices Act (FCPA) is the primary piece of legislation in the U.S. that illegalizes the bribing of foreign officials by U.S. citizens and employees of U.S. listed companies. The FCPA consists of two main provisions; one...