Collection Agency: Definition, How It Works, and Regulations
[ad_1] A collection agency is a company used by lenders or creditors to recover funds that are past due or from accounts that are in default. Often, a creditor will…
Corporate Charter: Definition, Purpose, and Legal Requirements
[ad_1] What Is a Corporate Charter? A corporate charter, also known as a "charter" or "articles of incorporation," is a written document filed with the Secretary of State (or…
What Was Enron? What Happened and Who Was Responsible
[ad_1] Select Events, Enron Corp. 1990 Jeffrey Skilling (COO at the time) hires Andrew Fastow as CFO. 1993 Enron begins to use special-purpose entities and special purpose vehicles. 1994 Congress…
Extraordinary General Meeting (EGM): Definition, Examples, and AGM
[ad_1] What Is an Extraordinary General Meeting (EGM)? An extraordinary general meeting (EGM) is convened to address pressing issues that cannot wait for the annual general meeting (AGM). These meetings…
Escrowed Shares Definition, Types, and Examples
[ad_1] What Are Escrowed Shares? Escrowed shares are shares held in an escrow account, secured by a third party, pending the completion of a corporate action or an elapse of…
Effective Date Definition
[ad_1] What Is Effective Date? In contract law, the effective date is the date that an agreement or transaction between or among signatories becomes binding. For an initial public offering…