A quasi-municipal corporation is a government corporation with limited powers. Common examples of quasi-municipal corporations in some states include school districts, boards of education, and public utility districts for water and sanitation...
corporations
quo warranto
Quo warranto is Latin for "by what warrant” (or authority). A writ of quo warranto is a common law remedy which is used to challenge a person's right to hold a public or corporate office. A state may also use a quo warranto action to revoke a...
quorum
A quorum is the minimum number of members of a group or committee required to be in attendance in order for that group to be able to take official action. The members must be present to count towards the quorum. If the quorum is not met, the...
Regulation S-K
Regulation S-K is a Securities and Exchange Commission (SEC) regulation that outlines how registrants should disclose material qualitative descriptors of their business on registration statements, periodic reports, and any other filings. The...
resolution
A resolution is a formal statement of opinion or a decision to take an action.
In judicial proceedings, “resolution” means a judgment or decision of the court. In the context of a legislative practice, “resolution” is just a form in...risk factors
Risk factors refer to Item 105 of Regulation S-K which requires the registrant’s management to discuss material risks to the registrant’s operations. Item 105 requires that the registrant write their risk factors in plain English and organize...
roll over
Rollover means to extend a particular financial agreement.
In the context of retirement accounts, rollover often refers to transferring funds from one Individual Retirement Account (IRA) to another traditional IRA or Roth IRA, or from...S corporation
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 individually. This tax scheme is...
share
A share is a specific portion of money or other capital. Business partners usually contribute a specific share of capital to their partnership and are then owed a share of the profits. Corporations can also issue shares of capital stock to...
shareholder
A shareholder is a person who owns stock in a corporation.
[Last updated in June of 2024 by the Wex Definitions Team]