| Term | Definition |
|---|
| Covenant | a contract or agreement |
| Merger | absorption |
| Nominal | not substantial |
| Debenture | a note or bond backed by the credit of a corporation |
| Binder | a temporary insurance |
| Naked | incomplete |
| an independent contractor | An agency relationship in which the employer retains little or no control is with |
| quantum | as much as |
| Kiting checks is writing checks | on funds which are not on deposit |
| proxy | a person appointed to represent another |
| blue-sky laws | Laws to protect persons from investing in fraudulent corporations are known as |
| treasury stock | The stock owned by a corporation and subject to sale for legitimate corporate purposes is |
| the board of directors | The policies of a corporation are made by |
| a representative shareholders' action | An action by the majority of stockholders to compel an accounting of the assets of a corporation would be |
| perpetual succession | The fact that a corporations' existence is continuous and unaffected by changes in membership is referred to as |
| is vested with full power to transact business | A plenipotentiary is a person who |
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