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It is permissible to apply funds in a clients' funds trust account to a disputed bill.
Book Value
The value of an asset according to its balance sheet account balance, taking into account the cost of the asset minus accumulated depreciation.
Poison Pill
A corporate tactic to avoid being acquired. A poison pill is a clause written into a firm’s bylaws that makes it prohibitively expensive for an acquiring firm to take control.
Takeover Attempt
A bid by a company or investor to acquire control of another company, often by purchasing a substantial portion of its stock.
White Knight
A friendly investor or company that acquires a firm at risk of a hostile takeover, often viewed as a more favorable option by the target company's management.
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