(on undertaking)
51controlled undertaking — Any subsidiary undertaking within the meaning of the Financial Services and Markets Act 2000 (FSMA), other than section 258(4)(b) of the Companies Act 1985 or section 420(2)(b) of FSMA. Practical Law Dictionary. Glossary of UK, US and… …
52parent undertaking — parent company, or parent undertaking This is a company that owns or controls another company or companies. Any company that it owns is called a subsidiary. + parent company USA Also know …
53business undertaking — The undertaking and assets of an economic entity as distinct from a company. It is not a distinct legal person and its components, e.g. goodwill, plant, contracts etc., belong to the company or individual which owns them. Where a business is… …
54transfer of undertaking — The Transfer of Undertakings (Protection of Employment) Regulations 1981 ( TUPE ) apply where an undertaking (business) is sold as a going concern (as opposed to a sale of assets or a sale of shares) or where a unit within a business is… …
55associated undertaking — associate An undertaking that is not defined as a subsidiary undertaking but is nevertheless one in which another company or group has a participating interest and exercises a significant influence. Accounting for associates is regulated by… …
56dangerous undertaking — noun a wild and exciting undertaking (not necessarily lawful) • Syn: ↑adventure, ↑escapade, ↑risky venture • Derivationally related forms: ↑adventuristic (for: ↑adventure), ↑adventurous …
57Public sector undertaking — In India, public sector undertaking (PSU) is a term used for a government owned corporation (company in the public sector). The term is used to refer to companies in which the government (either the Union Government or state or territorial… …
58As a noun, an undertaking or promise that is collateral to the primary or principal obligation and that binds the guarantor to performance in the event of nonperformance by the principal obligor. — As a noun, an undertaking or promise that is collateral to the primary or principal obligation and that binds the guarantor to performance in the event of nonperformance by the principal obligor. A provision contained in a written document, such… …
59dangerous undertaking — index venture Burton s Legal Thesaurus. William C. Burton. 2006 …
60effortless undertaking — index sinecure Burton s Legal Thesaurus. William C. Burton. 2006 …
