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BUSINESS LAW GLOSSARY |
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Glossary of Business
Law Terms
A
B C
D E
F G
H I
J K L
M N
O P
Q R S
T U
V
W X Y Z #
Click on
the first letter of the word from the list above to go to
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Tender: To present to another person an
unconditional offer to enter into a contract or to present payment to another.
Trade: A business or occupation for
profit, particularly in retail or wholesale sales or requiring special
mechanical skill. A trade is also an exchange one thing for another, which
includes money for goods, goods for goods and favors for goods or money.
Trade Secret: A process, method, plan,
formula or other information unique to a manufacturer, which gives it an
advantage over competitors. Therefore the trade secret has value and may be
protected by a court-ordered injunction against use or revelation of trade
secret.
Transfer Agent: A person or company
retained by a corporation to process transfers and registration of shares of
stock (stock certificates). One difficulty is that the stock certificates do not
always include the name and address of the current transfer agent
Telecommuting: Working from home or
another location remote from the office, using technology such as telephones and
computers.
Third Party Litigation: When a lawsuit is
brought against a defendant and that defendant wants to add another party to the
suit, the original defendant may file a "third party complaint" which
results in a third party litigation or lawsuit.
TITLE VII: Part of the federal Civil
Rights Act of 1964 that prohibits discrimination in employment on the basis of
age, color, national origin, race, religion, or sex.
Tort: A civil wrong; a wrongful injury to
a person's property. There are three types of torts: intentional, negligence and
strict liability.
Transfer Agent: A person or company
retained by a corporation to process transfers and registration of shares of
stock (stock certificates). One difficulty is that the stock certificates do not
always include the name and address of the current transfer agent.
Tuitition Reimbursement: An employee
benefit in which the employer pays all or part of the employee's tuition for
coursework or training.
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