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48 Results for Tag: party

Kickback

Kickback What is a 'Kickback' A kickback is the payment of something of value to a recipient as compensation or reward for providing favorable treatment to another party. Explaining 'Kick

Keepwell Agreement

Keepwell Agreement What is 'Keepwell Agreement' A contract between a parent company and its subsidiary to maintain solvency and financial backing throughout the term set in the agreement.

Hawala

DefinitionHawala or hewala, also known as hundi or—in Somali, xawala or xawilaad—is a popular and informal value transfer system based not on the movement of cash, or on telegraph or com

Hazard Insurance

DefinitionHome insurance, also commonly called homeowner's insurance, is a type of property insurance that covers a private residence. It is an insurance policy that combines various persona

In Escrow

In Escrow What does 'In Escrow' mean In escrow is an item such as money or a piece of property that has been transferred to a third party with the intentions of delivery to a grantee as pa

Official Committee Of Equity Security Holders

DefinitionAn Official Committee of Equity Security Holders is a group of shareholders formed to represent a larger group of shareholders' interests in a company's bankruptcy proceedings. Off

Oil Pollution Act Of 1990

DefinitionThe Oil Pollution Act of 1990 was passed by the 101st United States Congress and signed by President George H. W. Bush. It works to avoid oil spills from vessels and facilities by

Mad Hatter

Mad Hatter What is 'Mad Hatter' A mad hatter is a chief executive officer (CEO) or managerial team whose ability to lead a company is highly suspect. Mad hatter CEOs are often characterize

Absolute Beneficiary

Absolute Beneficiary What is 'Absolute Beneficiary' A designation of a beneficiary that can not be changed without the written consent of that beneficiary. Also referred to as an "irrevoca

Abandonment Option

Abandonment Option What is 'Abandonment Option' A clause granting parties the option of withdrawing from the contract before the fulfillment or completion of all contractual duties. This c
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