Tag: party
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...
Keepwell Agreement
What is a Keepwell Agreement
A Keepwell Agreement is a contract between a parent company and its subsidiary stating that the subsidiary will not be...
Hawala
What is hawala
Hawala is an informal value transfer system that is often used in countries where formal banking systems are not well developed. Under...
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...
In Escrow
What does 'In Escrow' mean In escrow is an item such as money or a piece of property that has been transferred...
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...
Oil Pollution Act Of 1990
Definition
The Oil Pollution Act of 1990 was passed by the 101st United States Congress and signed by President George H. W. Bush. It works...
Mad Hatter
What is 'Mad Hatter' A mad hatter is a chief executive officer (CEO) or managerial team whose ability to lead a company...
Absolute Beneficiary
What is 'Absolute Beneficiary' A designation of a beneficiary that can not be changed without the written consent of that beneficiary. Also...
Abandonment Option
What is 'Abandonment Option' A clause granting parties the option of withdrawing from the contract before the fulfillment or completion of all...