Examlex
Uracil replaces the thymine in DNA when RNA is produced.
Limited Liability
Freedom of stockholders from personal liability for the debts of the corporation.
Double Taxation
A taxation principle referring to income taxes that are paid twice on the same source of earned income, often seen in corporate dividends.
Limited Liability
A legal structure for a business where the owners' personal assets are protected from the company's debts and liabilities, limiting their risk to the amounts they have invested in the company.
Mutual Agency
A legal principle in partnership businesses where each partner is authorized to act on behalf of the partnership and bind it in contracts.
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