Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: T

TRADING PARTNER

One of 2 or more participants in a business relationship that is continuing.

TRAGEDY OF THE COMMONS

Archetypal phenomenon that attempts to exploit the system that will turn out to be self-defeating.

TRANSDUCER

Device converting input signals into a different kind of output signal.

TRAPPING

1. Commercial printing. Creating small overlap of colours in multi job commercial printing machine. 2. Computing. Monitoring software feature that detects errors and sends them to a diagnostic error handling routine.

TREND LINE

Curved or straight line on a trend chart indicating pattern or direction of time series data.

TSX VENTURE EXCHANGE

Canadian regulated market place where oil, mining, gas, technology, manufacturing and financial services businesses raise investor capital. Toronto Stock Exchange.

TYPE B PERSONALITY

Person characterised as having moderate drive and ambitions, cooperative and accommodating and easy going. Quality over quality. See type A personality.

TAG ALONG PROVISION

Provision in an investment agreement where the stock holders have the right to liquidate part of their investment when the firm is raising more capital.

TANGIBLE BOOK VALUE

The value that is calculated by the deduction of assets that are not tangible, expenses for start-up and any financing costs that are deferred from the moral book value, BV, of the

TARGET RISK

The prospective holders of policies that are divided by age, race, sex and other demographic factors.

TAX CERTIFICATE

The proof of payment of taxes due on a property or income that is official.

TAG-ALONG

In corporate law, the legal right ensuring all share holders can take part in a deal along with the majority shareholder.

TARGET START DATE

The calendar date when a goal or project is to be started. The date is initially an estimate that adjusts as the day nears for the launch of the new endeavor.

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