Examlex
A claim of discriminatory prosecution is known as "selective prosecution."
Transferable Interest
The portion of a member's ownership in a limited liability company (LLC) that can be transferred or sold to other parties, typically including the right to receive financial distributions.
Default
Failure to fulfill a legal obligation, especially failure to pay a debt on time.
Profit Share
This refers to a portion of a company's profits allocated to its employees, shareholders, or partners as a form of incentive or bonus.
LLC
Limited Liability Company; a business structure in the U.S. that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
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