Examlex
What is mandatorily redeemable preferred stock and how is it accounted for under the provisions of SFAS No. 150 (FASB ASC 480-10)?
Corporation
A legal entity recognized by law, separate from its owners, with rights to own property, incur debt, sue, and be sued.
General Security Agreement
A contract that creates a security interest in all assets of the borrower, present and future.
Shareholder's Loan
A loan given to a company by one of its shareholders, typically used for startup or growth financing.
Tort Of Assault
A civil wrong where one person intentionally puts another in fear of imminent harmful or offensive contact.
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