Tax. An item on the books of an S corporation (usu. an equity item on the corporation’s balance sheet) to account for taxable-income items passed through to shareholders, such as accumulated earnings — earned before the corporation converted from a C corporation to an S corporation — that would have been distributed as a dividend […]
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gold standard. A monetary system in which currency is convertible into its legal equivalent in gold or gold coin. • The United States adopted the gold standard in 1900 and abandoned it in 1934. Cf. PAPER STANDARD.
trader. 1. A merchant; a retailer; one who buys goods to sell them at a profit. 2. One who sells goods substantially in the form in which they are bought; one who has not converted them into another form of property by skill and labor. 3. One who, as a member of a stock exchange,
Property. 1. A future interest arising in a third person — that is, someone other than the estate’s creator, its initial holder, or the heirs of either — who is intended to take after the natural termination of the preceding estate. • For example, if a grant is “to A for life, and then to
pandering (pan-d[schwa]r-ing), n. 1. The act or offense of recruiting a prostitute, finding a place of business for a prostitute, or soliciting customers for a prostitute. — Also termed promoting prostitution. [Cases: Prostitution 1. C.J.S. Prostitution and Related Offenses §§ 2–4, 8–13, 17, 21–24.] 2. The act or offense of selling or distributing textual or
jobbery, n. The practice or act of perverting a public service in a way that serves private ends; unfair means to serve private interests.
hands-off agreement. A noncompete contractual provision between an employer and a former employee prohibiting the employee from using information learned during his or her employment to divert or to steal customers from the former employer. [Cases: Contracts 118. C.J.S. Contracts §§ 267–268.]
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sweetener. 1. An inducement offered to a brokerage firm to enter into an underwriting arrangement with an issuer. 2. A special stock feature (such as convertibility) that enhances the stock’s marketability.
sweinmote (swayn-moht). Hist. A forest court held three times a year, before verderors as judges and freeholders of the forest as jurors, to try forest offenses. — Also spelled swainmote; swanimote; swainemote; swaingemote. “The court of sweinmote is to be holden before the verderors, as judges, by the steward of the sweinmote thrice in every
taking, n. 1. Criminal & tort law. The act of seizing an article, with or without removing it, but with an implicit transfer of possession or control. constructive taking. An act that does not equal an actual appropriation of an article but that does show an intention to convert it, as when a person entrusted