money. 1. The medium of exchange authorized or adopted by a government as part of its currency; esp. domestic currency (coins and currency are money). UCC § 1-201(b)(24). 2. Assets that can be easily converted to cash (demand deposits are money). 3. Capital that is invested or traded as a commodity ( the money market). […]
ABC transaction. Oil & gas. A sale of a working interest from an owner (A) to an operator (B) in return for a cash payment and the right to another (usu. larger) payment when the well produces, followed by A’s sale of the right to the production payment to a corporation (C), which pays A
The surplus gained by the sale, exchange, or issuance of capital stock at a price above par value. — Also termed capital surplus; premium on capital stock.
leverage, n. 1. Positional advantage; effectiveness. 2. The use of credit or borrowed funds (such as buying on margin) to improve one’s speculative ability and to increase an investment’s rate of return. 3. The advantage obtained from using credit or borrowed funds rather than equity capital. 4. The ratio between a corporation’s debt and its
A now-rare stock-option plan that allows a person to buy stock for a period (often five years) at the market price, the stock being subject to capital-gains tax treatment. [Cases: Internal Revenue 3602. C.J.S. Internal Revenue § 315.]
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Paris Convention for the Protection of Industrial Property. A treaty designed to unify and streamline patent prosecutions and trademark applications among the signatories. • The Convention eased the harsh effects of the first-to-file priority rule by allowing an applicant in any member country one year in which to apply in other member countries while maintaining
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