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A B C D E F-H I J-L M N-O P Q-R S T U-Z Joint venture A partnership formed for a limited time or for a limited purpose. Chapter 18.
Kale Money.
Legal capital test A test to determine whether a corporation may declare dividends. Dividends can be paid only if the corporation's legal capital is unimpaired. Chapter 7.
Letter of intent An agreement between the parties to negotiate with one another in good faith looking toward the acquisition of one entity by the other. Chapter 17.
Lettuce Money.
Limited liability company An entity that combines limited liability for the firm's owners and managers with pass-through taxation. Chapter 19.
Limited partnership A partnership with one or more general partners, who manage but have unlimited liability, and one or more limited partners, who do not manage but have limited liability. Chapter 18.
Limited proxy A proxy in which the shareholder authorizes the agent to vote in a particular way. Chapter 15.
Liquidity The relative ease with which an asset can be transferred. Chapter 3 and Chapter 6.
Lolly Money.
Long green Money. |