that uses, rather than the one who owns, the leased property.
of the leased property.
in which a small group of investors (which usually includes the firm's
managers borrows heavily to buy all the shares of a company.
Liability Partnership (Limited Liability Company)
form of organization in which all partners enjoy limited liability for
the business's debts. It combines the limited liability advantage of
a corporation with the tax advantages of a partnership.
form of organization consisting of general partners who have unlimited
liability for the partnership's debts, and limited partners, whose liability
is limited to the amount of their investment
arrangement in which a bank agrees to lend up to a specified maximum
amount of funds during a designated period.
that can be converted to cash quickly without having to reduce the asset's
price very much.
occurs when the assets of a division are sold off piecemeal, rather
than as an operating entity.
that lenders, other things held constant, would prefer to make short-term
loans rather than long-term loans; hence, they will lend short-term
funds at lower rates than long-term funds.
added to the equilibrium interest rate on a security if that security
cannot be converted to cash on short notice and at close to "fair market
that show the relationship of a firm's cash and other current assets
to its current liabilities.
used to speed up collections and reduce float through the use of post
office boxes in payers' local areas.
contracts are bought in anticipation of (or to guard against) price
Equity Anticipation Security (LEAPS)
options that are listed on the exchanges and tied to both individual
stocks and to stock indexes.
of announcing a low regular dividend that can be maintained no matter
what, and then when times are good paying a designated "extra" dividend.
that cannot be acquired in small increments but must be obtained in
large, discrete units.
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