Attachment seizure or taking into custody by virtue of a

Legal process

Attachment lien prejudgment lien, provisional in nature,

Created in assets seized in accordance with a court

Order or a writ of attachment

Authorised share capital total amount of stock a

Company may offer to its shareholders. It is also

Known as nominal capital. (US authorized shares)

Bailiff (UK) an officer of the sheriff who makes arrests

And serves writs; (US) a court officer who keeps order

During court proceedings

balance sheet financial statement showing a company's

Assets, liabilities and equity on a given date

The Bar (US) legal profession; (UK) the profession of

Barristers

Bar association organisation of lawyers which may

Regulate the profession

Bar examination (US) written examination taken by

Prospective lawyers in order to qualify to practise law

Bar Vocational Course (UK)required course to be taken

By law graduates wishing to practise law as a barrister.

This is followed by a period of pupillage.

Barriers to entry obstacles which make it difficult for a

Business to enter into a market. Some examples

Include patents, customer loyalty, research and

Development, distributor or supplier agreements, and

Government regulations.

Barrister (UK) lawyer admitted to plead at the bar and in

Superior courts; a member of one of the Inns of Court

barristers' chambers offices of barristers or a group of

Barristers

Beneficiary person entitled to draw payment

'benefit of the bargain' damages see expectation

Damages

Bill formal proposal for legislation

Bill of exchange (UK) negotiable instrument for a

Specified sum of money which is written and signed by

three parties: the drawer (the person paying), the

Drawee (the person who will conduct payment) and the

Payee (the person who receives the payment)

E

Board of directors group of individuals elected by

Shareholders to make the major decisions of the

Company

Bona-fide purchaser for value someone who holds a

Negotiable instrument in good faith

Bonus payment above what was due or expected

Boutique firm law firm that specialises in a specific area

Of law

Breach of contract failure to perform a contractual

obligation or interference with another party's

Performance which incurs a right for the other party to

Claim damages

Brief document or set of documents containing the

Details of a court case

By-law (UK) municipal law (US ordinance)

bylaws (US) document that defines a company's internal

Organisation (UK articles of association)

:v

Call to the Bar (UK) granting of permission to practise

Law as a barrister (US admission to the Bar)

capital structure distribution of a company's debt and

Stock

Capitalisation act of providing capital for a company

Through the issuance of securities

capitalisation issue process whereby a company's

Money is converted into capital and then distributed to

Shareholders as new shares

Cartel group of similar independent companies who

Agree to join together to control prices and limit

Competition

Date: 2015-12-11; view: 804