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12 relations: American Bar Association, Bankruptcy, Company, Corporate group, Creditor, Environmental protection, Limited liability, List of national legal systems, Orphan structure, Piercing the corporate veil, Special-purpose entity, Tax.
American Bar Association
The American Bar Association (ABA), founded August 21, 1878, is a voluntary bar association of lawyers and law students, which is not specific to any jurisdiction in the United States.
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Bankruptcy
Bankruptcy is a legal status of a person or other entity that cannot repay debts to creditors.
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Company
A company, abbreviated as co., is a legal entity made up of an association of people for carrying on a commercial or industrial enterprise.
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Corporate group
A corporate group or group of companies is a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control.
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Creditor
A creditor is a party (for example, person, organization, company, or government) that has a claim on the services of a second party.
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Environmental protection
Environmental protection is a practice of protecting the natural environment on individual, organization controlled or governmental levels, for the benefit of both the environment and humans.
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Limited liability
Limited liability is where a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership.
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List of national legal systems
The contemporary legal systems of the world are generally based on one of four basic systems: civil law, common law, statutory law, religious law or combinations of these.
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Orphan structure
Orphan structure, or Orphan SPV (or orphaning) are terms used in structured finance closely associated with SPVs ("Special Purpose Vehicles") for global securitisation transactions where the equity of the SPV is deliberately handed over to an unconnected 3rd party (i.e. it becomes an "orphan").
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Piercing the corporate veil
Piercing the corporate veil or lifting the corporate veil is a legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders.
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Special-purpose entity
A special-purpose entity (SPE; or, in Europe and India, special-purpose vehicle/SPV, or, in some cases in each EU jurisdiction – FVC, financial vehicle corporation) is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, specific or temporary objectives.
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Tax
A tax (from the Latin taxo) is a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures.
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