NOMINEE COMPANY
A company that is formed by a financial institution or another organisation which operates an account that holds assets and securities on behalf of the actual owner under the terms of a
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A company that is formed by a financial institution or another organisation which operates an account that holds assets and securities on behalf of the actual owner under the terms of a
A company that is no longer trading, albeit on a temporary basis
Occurs when the expenses of a business are greater than the income for a financial period.
An insurance wherein the full premium cost is borne by the employer, with no contribution from the employee.
A less severe injury compared to partial or complete disability that is eligible for a monetary compensation. Typically includes a disability payments for a month.
Spending such as the repayment of a loan’s prinipal amount or the payment of a refund that is not charged as a usual expense.
Instruments such as the receipt of higher interest with a dividend payment, that is not recorded in a ledger account.
Activities such as strikes, result in the incurrence of a no-operating loss for the firm, although they are not related to the firm’s business operations.
A benefit plan for an employee that does mandate the filing with the IRS and as such tax deductions in exchange for contributions are not offered. Under the nonqualified plan, certain employees
A company that is located in an area which is given the status of a nonresident for tax purposes.
1. Elements of speech such as pitch, tone, speed in addition to behaviours such as facial expressions and gestures that communicate meaning. 2. The delivery of meaning or messages through a medium
An arrangement between two correspondent banks that allows both banks to keep a local currency account for each other.
1. A written statement by an individual to pay a sum of money to another individual, or the bearer of the note at a specified period in time. It is a compromise
A notice that is written by either the landlord or tenant giving a notice to leave the premises within a specified time frame, or to demand the same. The notice is typically
The probability that an item will fulfill its operations for the duration specified without being spoilt.
The ease of manipulation granted by this design method is possible through the representation of files and other operations as data structures.
The potential risks to life or functioning of an individual that is inherently associated with his occupation or work environment. Some of these hazards lead to the contraction of a disease or
Banking activities or transactions that occur at ATM machines located outsidethe premises of the bank, usually in malls or markets.
Assets such as furniture and computers that are absolutely essential to the operations of the company
A person under no obligation to confer a benefit or privelege to another individual, but does so unilaterally. This person cannot expect anything in return for the performance of the aforementioned deed.