Legal glossary category
Corporate Law
Browse 18 glossary entries in the Corporate Law category, with short plain-English descriptions and direct links to the full term pages.
consolidated financial statements
Consolidated financial statements are like a big report card for a whole school district instead of just one classroom.
Open term →corporate
Think of a corporation as a permission slip from your parents that lets you go to a party; corporate law sets the rules for who can attend and what...
Open term →corporate action
Imagine your allowance gets split into two smaller bills; that's a stock split.
Open term →data room
Think of it as a special, locked library where you only get to look at certain books until your homework is done.
Open term →debenture
It functions like a formal IOU proving you loaned money to someone for years of predictable payments.
Open term →director
Think of a director like the parent you elect for your class project; they make sure the rules are followed and approve the final presentation plan.
Open term →dividend
A dividend is like getting pocket money from your parents after they've made a big sale at work.
Open term →financial officer
A financial officer acts like the parent checking everyone's allowance slips; they ensure every promise made regarding money matches what actually...
Open term →financial statements
Think of them like the report card for a company.
Open term →general counsel
Think of the general counsel like the head referee for your company's games.
Open term →good standing
A child who returns all borrowed library books and pays the fines stays in good standing, so the library lets her check out new books.
Open term →holding company
Think of a parent who holds every kid's allowance in one wallet.
Open term →transfer agent
Think of the transfer agent like the librarian keeping track of who borrowed which book.
Open term →treasurer
Think of the treasurer as the person who holds the class allowance money.
Open term →vice president
Think of a vice president like the runner-up in a race; they have the next most important job after the winner.
Open term →voting rights
Voting rights are like having a permission slip that lets you say 'yes' or 'no' on a big group decision, even if someone else has more slips.
Open term →voting security
Voting security is like a rule on a permission slip stating that only the person with the 'Red Pen' can cast the final deciding vote, even if other...
Open term →wholly-owned
A wholly-owned status is like having an unbreakable permission slip for a kid; only one person signs it, giving them absolute authority to let the...
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