Comfort letters are statements from an issuer’s auditor that the auditor reviewed the issuer’s financial data and assures its accuracy.
In public offerings, underwriters generally request comfort letters to establish a due...
securities
commerce
Commerce refers generally to the activity of exchanging products, goods, and services for financial gain. The word commerce usually is used to mean economic activity broadly on a national or other large scale. Commerce can be used in many...
Commerce Clause
The Commerce Clause refers to Article 1, Section 8, Clause 3 of the U.S. Constitution, which gives Congress the power “to regulate commerce with foreign nations, among states, and with the Indian tribes.”
Congress has often...
commingled goods
Commingled goods refer to goods so physically united with other goods such that the identity of the original goods is lost.
For example, flour becomes a commingled good when it is used to bake bread.The new good...
common stock
Common stock is a class of stock that represents equity ownership in a corporation. Owners of common stock, called shareholders, are entitled to the following rights:
Voting rights to elect the members of the board of directors....consent decree
A consent decree (also known as a consent order) is a decree made by a judge with the consent of all parties. It is not strictly a judgment, but rather a settlement agreement approved by the court. The agreement is submitted to the court in...
consent order
A consent order (also known as a consent decree) is a decree or order made by a judge with the consent of all parties. It is not strictly a judgment, but rather a settlement agreement approved by the court. The agreement is submitted to the...
corporate raider
Corporate raider refers to the practice of obtaining a controlling share of a corporation, then proceeding to sell off that company’s assets or force a merger with another company. The proceeds of any sold assets are subsequently divided...
corporate takeover
A corporate takeover occurs when the controlling interest in a corporation shifts from one party to another. Corporate takeovers are categorized as either hostile or friendly depending on whether the management of the company being taken over...
corporation
A corporation is an entity that acts as a single, fictional person. Much like an actual person, a corporation may sue, be sued, lend, and borrow. Additionally, a company which has been incorporated can easily transfer ownership through stock...