Assignment

Provision of Company Act Regarding Payment of Preference Shares (1) Subject to this section a company having a share capital may, if so authorized by…

Goodwill is a collection of intangible assets that generate earning power superior to that which would be generated by a business’ tangible and separately identifiable…

How Goodwill is Created? In many jurisdictions throughout the United States, family law courts require valuation professionals to delineate between personal (professional) goodwill and enterprise…

Definition of Goodwill Assumed value of the attractive force that generates sales revenue in a business, and adds value to its assets. Goodwill is an intangible but salable asset, almost indestructible except by indiscretion. It…

Definition of Leases Written or implied contract by which an owner (the lessor) of a specific asset (such as a parcel of land, building, equipment, or machinery) grants a second party (the lessee) the right to its exclusive possession and use for a specific period and…

Definition of Royalty Accounts Compensation, consideration, or fee paid for a license or privilege to use an intellectual property (brand, copyright, patent, process) or a natural resource (fishing, hunting, mining), computed usually as a percentage of revenue or profit realized from the use. See…

Insolvency of partnerships If your Partnership Business debts are greater than its assets, or its trading income cannot cover its debts, then your partnership could become…

Definition of Insolvency Proceedings When an individual or organization can no longer meet its financial obligations with its lender or lenders as debts become due.…

Balance Sheet of General Insurance Company General Insurance Company are magical creatures that, in the hands of a skilled operator, perform alchemistic feats and literally mint…

A life insurance policy which provides a stated benefit upon the holder’s death, provided that the death occurs within a certain specified time period. However, the policy does not provide any returns beyond the stated benefit,…

Classification of Insurance: Insurance companies are generally classified as either mutual, or stock companies, but this is a traditional distinction as true mutual companies are…

Definition and Meaning of Insurance A promise of compensation for specific potential future losses in exchange for a periodic payment. Insurance is designed to protect the financial well-being of an individual, company or other entity in the case of unexpected loss.…