subsidiary law
81downstream guaranty — USA downstream guaranty, Also known as a parent guaranty. A guaranty whereby a parent company, as guarantor, assumes the responsibility for the payment or performance of an action or obligation of its subsidiary by agreeing to compensate the… …
82parent guaranty — USA downstream guaranty, Also known as a parent guaranty. A guaranty whereby a parent company, as guarantor, assumes the responsibility for the payment or performance of an action or obligation of its subsidiary by agreeing to compensate the… …
83mutual holding company — USA A thrift holding company that is owned by shareholders but controlled by the depositors of the subsidiary thrift. A mutual holding company holds a majority of the voting stock of the subsidiary thrift, while the remaining 49.9% of the thrift… …
84accession — ac·ces·sion /ik se shən, ak / n 1: increase by something added; specif: the mode of acquiring property by which the owner of property (as a building, land, or cattle) becomes the owner of an addition by growth, improvement, increase, or labor 2:… …
85supplementary — sup·ple·men·ta·ry /ˌsə plə men tə rē, trē/ adj: added or serving as a supplement Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. supplementary …
86spin–off — / spin ˌȯf, ˌäf/ n: a transfer of corporate assets to a subsidiary in return for a distribution to the shareholders of the corporation of all of the stock or controlling stock of the subsidiary without surrender of any stock by the shareholders… …
87company — com·pa·ny n pl nies: an association of persons for carrying on a commercial or industrial enterprise compare corporation, partnership finance company: a company that makes usu. small short term loans to individuals growth company: a company that… …
88holding company — see company Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. holding company …
89minor — mi·nor 1 n: a person who has not yet reached the age of majority compare adult, juvenile, major minor 2 adj 1 a: being less important or serious …
90minority — mi·nor·i·ty n pl ties 1 a: the period before attainment of majority b: the state of being a minor 2: the smaller of two groups constituting a whole: as a: a group (as in a legislative body) having less than the number of votes necessary for… …
