A 1947 amendment to the National Labor Relations Act
that, among other things, prohibits certain unfair labor practices by unions.
Also known as the Labor Management Relations Act.
The act of seizing control over a company, usually
against the will of its board of directors and officers.
Action by a government depriving an owner of the use
of land or title to it, to use it for a public purpose. See eminent domain.
Physical property, either real or personal.
A tax on imported goods. It may be imposed both to
raise money and to protect domestic industries from foreign competition.
A savings on taxes that the government may provide to
businesses to help specific industries or to advance social goals by promoting
investment in certain areas.
A theory holding that the morality of an act must be
judged chiefly by its consequences, and that a good action is one that has a
good outcome.
An annual report that publicly held corporations must
file with the SEC. It lists, among other things, the number of outstanding
shares, the number of shareholders, and the names of holders of more than 10
percent of the shares.
A quarterly report that publicly held corporations
must file with the SEC, listing figures for the corporation's net income and
gross sales.
An offer to purchase stock in a corporation, usually
made to shareholders in an effort to acquire control of the corporation.
In contract law, the circumstance in which an offer
is no longer open.
A court's authority to hear cases arising within a
certain geographical territory or cases involving defendants who reside within
that territory.
A restriction on trade in which different companies
in the same line of business agree to grant one another exclusive territories,
or a dealer is granted the exclusive right to sell a manufacturer's products in
a certain locality.
Statements given by a witness in court.
Or tying arrangement. Such an arrangement exists when
the seller of a particular product in great demand-the tying product requires
that buyers also purchase an unrelated product-the tied product.
In securities law, someone who receives a tip from
someone else involving insider information.
A major section of a code or statute.
A section of the 1964 Civil Rights Act that prohibits
discrimination in employment on the basis of race, sex, color, religion, or
national origin. It applies to all employers, both public and private, with 15
or more employees.
An advance notice of a securities offering which
states that it is neither an offer to sell nor a solicitation of an offer to
buy the securities described.
A civil wrong or injury resulting from a breach of a
legal duty.
A word, name, or symbol used to identify a product.
A rule issued by the Federal Trade Commission banning
specific business practices.
An agreement governing the relations between nations.
In the U. S., it is the function of the executive to enter into a treaty, and
the function of the Senate to ratify it before it can become effective.
The wrongful interference with the property or person
of another.
A legal relationship in which property or assets are
held by one person for the benefit of another. Early in the 20th century,
"trust" referred to an association of corporations organized with the
intention of creating a monopoly, controlling production, or otherwise
restricting competition.
A model of social responsibility that holds that a
corporation is responsible not only to its shareholders but also to its
employees, its customers, and the general public. In addition, it holds that
shareholders have a right to expect that corporate managers will use the
corporation's assets safely, honestly, and wisely.
A statute enacted in 1968 as part of the Consumer
Credit Protection Act, amended by the Truth in Lending Simplification and
Reform Act in 1980. It requires disclosure of the terms on which consumers
receive credit.
