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Excess Fair Value
The amount by which the fair market value of an asset exceeds its carrying value on the balance sheet.
Franchise Contract
A legal agreement granting a person or group the rights to operate a business under the franchisor's model and brand for a specified period.
Controlling Interest
An ownership interest in an entity that gives the holder the power to direct or influence the management and policies of the entity through ownership of a majority of voting shares.
Deferred Income Tax Liability
A deferred income tax liability is a tax that is assessed or is due for the current period but has not yet been paid, pushing the obligation to future periods.
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