Tag: legal

Par Value

DefinitionPar value, in finance and accounting, means stated value or face value. From this come the expressions at par, over par and under par....

Tax Avoidance

DefinitionTax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax...

Tax Advisor

DefinitionA tax advisor or tax consultant is a person with advanced training and knowledge of tax law. The services of a tax advisor are...
Tax deed

Tax Deed

What is a tax deed sale A tax deed sale is a public auction of property that has been foreclosed upon because the owner has...

Dawn Raid

DefinitionA police raid is a visit by police or other law enforcement officers often in the early morning or late at night, with the...

Ultra Vires Acts

What is 'Ultra Vires Acts' Any act that lies beyond the authority of a corporation to perform. Ultra Vires acts fall outside...

Uberrimae Fidei Contract

What is 'Uberrimae Fidei Contract' A legal agreement requiring the highest standard good faith. "Uberrimae fidei" or "uberrima fides" is Latin for...

Bankruptcy

DefinitionBankruptcy is a legal status of a person or other entity that cannot repay debts to creditors. In most jurisdictions, bankruptcy is imposed by...

Umpire Clause

What is 'Umpire Clause' The language in an insurance policy that provides for a means of resolution by an unbiased third party...

Insurance

Definition Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of...

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