financial interest
An interest involving money or its equivalent; esp., an interest in the nature of an investment. — Also termed pecuniary interest.
financial interest Read More »
Search Results for: financial interest
financial contract
Securities. An arrangement that (1) takes the form of an individually negotiated contract, agreement, or option to buy, sell, lend, swap, or repurchase, or other similar individually negotiated transaction commonly entered into by participants in the financial markets; (2) involves securities, commodities, currencies, interest or other rates, other measures of value, or any other financial
financial contract Read More »
nominal party
A party to an action who has no control over it and no financial interest in its outcome; esp., a party who has some immaterial interest in the subject matter of a lawsuit and who will not be affected by any judgment, but who is nonetheless joined in the lawsuit to avoid procedural defects. •
owners’ equity
The aggregate of the owners’ financial interests in the assets of a business entity; the capital contributed by the owners plus any retained earnings. • Owners’ equity is calculated as the difference in value between a business entity’s assets and its liabilities. — Also termed (in a corporation) shareholders’ equity; stockholders’ equity. [Cases: Corporations 182.1(2).
owners’ equity
owners’ equity. The aggregate of the owners’ financial interests in the assets of a business entity; the capital contributed by the owners plus any retained earnings. • Owners’ equity is calculated as the difference in value between a business entity’s assets and its liabilities. — Also termed (in a corporation) shareholders’ equity; stockholders’ equity. [Cases:
audit committee
A committee appointed by the board of an organization, esp. a corporation, to oversee the financial reporting process, select an independent auditor, and receive the audit. • Ideally, a committee member is financially literate and wholly independent, having no financial interest (direct or indirect) in the company, no executive position, and no familial relationship with
buyout
buyout, n. The purchase of all or a controlling percentage of the assets or shares of a business. Cf. MERGER(8). — buy out, vb. leveraged buyout. The purchase of a publicly held corporation’s outstanding stock by its management or outside investors, financed mainly with funds borrowed from investment bankers or brokers and usu. secured by
convenience account
An apparent joint account, but without right of survivorship, established by a creator to enable another person to withdraw funds at the creator’s direction or for the creator’s benefit. • Unlike a true joint account, only one person, the creator, has an ownership interest in the deposited funds. Convenience accounts are often established by those
convenience account Read More »