Examlex
If a publicly traded corporation hires a new CEO in 2019 and she earns $12,000,000 from a performance-based compensation plan, the corporation can deduct the entire $12,000,000.
Perfection
In legal and finance contexts, the act of securing a priority interest in collateral to protect a secured loan or transaction.
Certificate of Deposit
A savings certificate entitling the bearer to receive interest, which has a fixed maturity date, and typically restricts withdrawal of funds before that date.
Breached the Peace
Breaching the peace refers to causing a disturbance or acting in a manner that disrupts public order or tranquility, often leading to legal penalties.
Public Lot
A plot of land owned by a governmental entity and made available for public use or development.
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