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Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z




Board Of Directors
   Voted in majority by shareholders to be directors of a corporation.

Bond
   An instrument used to serve as evidence that a sum of money is owed.

Business Law
   Business law is a field in law that is composed of a broad subject from the formation and dissolution of an organization, creation of agreements and contracts, the collection of money owed to businesses to general legal advice to business owners

Business Succession
   A business succession occurs upon the death or withdrawal of a business owner, thus it transfers ownership interest but this depends on the type of the organization

Bylaws
   Usually a five to twenty set of page documents, which serves as the internal operating rules of a corporation. Inside this set of documents contains corporate matters such as meetings, quorums, elections, voting, and the functions of directors and officers.

Bylaws
   Bylaws are the rules and regulations of a corporation for its operation, which includes provisions for shareholders, directors and officers

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