Tag: limited

What is a 'Waterfall Payment' A waterfall payment is a type of payment scheme in which higher-tiered creditors receive interest and principal...

What is 'Wasting Asset' An item that irreversibly declines in value, as a function of time. Wasting assets include vehicles, machinery and...

What is 'Gazelle Company' A high-growth company that is increasing its revenues by at least 20% annually for four years or more,...

DefinitionIn most countries, a general partnership is an association of persons or an unincorporated company with the following major features... General Partnership What...

DefinitionIn most countries, a general partnership is an association of persons or an unincorporated company with the following major features... General Partner What...

What is underinsurance and why do people buy it Underinsurance is insurance that does not cover the full value of an insured asset. For example,...

What is an unaudited opinion An unaudited opinion is a statement from an auditor that expresses whether or not financial statements are free of material...

DefinitionReal estate investment clubs are clubs formed by individuals who want to invest specifically in real estate. Real Estate Investment Group What is...

DefinitionWhere two or more persons are liable in respect of the same liability, in most common law legal systems they may either be... Joint...

Definition A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns...