Affiliated Companies: Definition, Criteria, and Example
[ad_1] What Are Affiliated Companies? Companies are affiliated when one company is a minority shareholder of another. In most cases, the parent company will own less than a 50% interest…
Annual General Meeting (AGM): Definition and Purpose
[ad_1] What Is an Annual General Meeting (AGM)? An annual general meeting (AGM) is a yearly gathering of a company's interested shareholders. At an AGM, the directors of the company…
52-Week High/Low: Definition, Role in Trading, and Example
[ad_1] What Is 52-Week High/Low? The 52-week high/low is the highest and lowest price at which a security, such as a stock, has traded during the time period that equates…
Bad Debt: Definition, Write-Offs, and Methods for Estimating
[ad_1] What Is Bad Debt? Bad debt is an amount of money that a creditor must write off if a borrower defaults on a loan. If a creditor has…
Chattel Mortgage: Definition, Types, and Examples
[ad_1] What Is a Chattel Mortgage? A chattel mortgage is a loan to purchase movable personal property, such as a manufactured home or construction equipment. The property, or chattel, secures…
Collateral: Definition, Types, and Examples
[ad_1] What Is Collateral? Collateral is a valuable asset that a borrower pledges as security for a loan, serving thus as a guarantee for the lender. For example, when a…