Tag: legal

What is 'Easement' Easement is a real estate concept that defines a scenario in which one party uses the property of another...

What is an obligor An obligor is a legal entity that is obligated to make payments on a debt or other financial obligation. The term...

DefinitionA racket is a planned or organized criminal act, usually in which the criminal act is a form of business or a way to...

What are 'Tag-Along Rights' Tag-along rights, also referred to as "co-sale rights," are contractual obligations used to protect a minority shareholder, usually...

What is a C Corporation A C corporation is a business structure in which the company's shareholders own its assets and are liable for its...

What Is a Wage Assignment? A wage assignment is an agreement in which an employer assigns its right to a certain amount of wages to...

What is 'Gambling Loss' A loss resulting from games of chance or wagers on events with uncertain outcomes (gambling). These losses can...

What is 'Rabbi Trust' A rabbi trust is a type of trust that is typically used by employers to hold retirement benefits for their employees....

What is 'X-Mark Signature' An X-mark made by a person in lieu of a signature. Due to illiteracy or disability, a person...