business terms
41business record exception — A rule of evidence that allows routine entries made customarily in financial records, or business logs or files kept in the regular course of business, to be introduced as proof in a lawsuit when the person who made such notations is not… …
42business failure — (see failure) (Common Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …
43business name — Also known as trading name. A name adopted by a company which is not its registered company name. A company may adopt a business name by an ordinary resolution of its members in general meeting or by a board resolution. The use of a business name …
44business property relief — (BPR) England, Wales A relief from inheritance tax. When the conditions for the relief are met, it reduces the open market value of any transfers of value (transfer of value) (broadly, gifts) of relevant business property made in lifetime or on… …
45business MAC — USA A material adverse change clause that refers to a material adverse change in the business of the borrower. Business MAC clauses are typically conditions precedent to lending contained in commitment letters for bank loan financings. A business …
46business relationship — In the context of money laundering, an arrangement between two or more persons, one of whom must be acting in the course of a business. The purpose of the arrangement is for transactions to take place on a frequent or regular basis between those… …
47business affected with a public interest — A commercial venture or an occupation that has become subject to governmental regulation by virtue of its offering essential services or products to the community at large. Dictionary from West s Encyclopedia of American Law. 2005. business… …
48business bankruptcy — A proceeding under the Bankruptcy Code filed by a business entity. Short Dictionary of (mostly American) Legal Terms and Abbreviations …
49business expansion scheme — A scheme originally introduced in the early 1980s to give a tax incentive to those looking to invest in qualifying trading companies. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …
50business life insurance — See keyman life assurance/keyman insurance Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …
