Semiannually – What Is Semiannual? Semiannually describes something that is calculated, paid, reported, published, or otherwise occurs twice each year or once every six months. Biannual or semiannual simply means that something occurs twice a year. For example, a company could have company celebrations semiannually. The first is the company […]
Legal Terms
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What is a Reverse Merger? A reverse merger occurs when a smaller private company becomes a public company by purchasing control of a larger public company. The shareholders of the private company usually receive large amounts of ownership in the public company and control of its board of directors. Once […]
Financial Intermediaries – Financial Intermediary Definition A financial intermediary is an entity that acts as the middleman between two parties in a financial transaction. Intermediaries include commercial banks, investment banks, mutual funds, or pension funds. Financial intermediaries provide a middle ground between two parties in any financial transaction. For example, […]
What Is a QTIP Trust – Qualified Terminable Interest Property Trust? A QTIP Trust is a qualified terminable interest property trust. It enables the grantor (or creator) to provide for a surviving spouse. Additionally, it allows for control of how the trust’s assets are distributed once the surviving spouse dies. […]
What Is The Free Enterprise System? A free enterprise system is an economic system where the government places very few restrictions on the types of business activities or ownership in which citizens participate. This type of system is often referred to as a free market or capitalism. In a free enterprise system, individuals […]
What Is Contributed Capital? Contributed capital is also known as paid-in capital. It is the cash and other assets that shareholders give a company in exchange for stock. Investors make capital contributions when a company issues equity shares. These are based on a price that shareholders are willing to pay […]