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Business Law GLOSSARY

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 #

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D.B.A.: Short for "doing business as," when a person or entity uses a business name instead of his/her/its own.

Damages: The sum of money awarded to the injured party in a personal injury lawsuit.

Deadlock: The circumstance that arises when either the board of directors or shareholders are evenly split on a vote and cannot take action. Deadlock can lead to judicial resolution of the underlying dispute.

Dealer: Anyone who buys goods or property for the purpose of selling as a business.

Debenture: A form of bond certificate issued by a corporation to show funds invested, repayment of which is guaranteed by the overall capital value of the company under certain specific terms. Thus, it is more secure than shares of stock or general bonds.

Debt Financing: A method of financing where the company receives a loan and gives its promise to repay the loan.

Default Judgment: A judgment issued when the defendant offers no defense by not responding to the complaint. A judge may issue a judgment without the necessity of a trial.

Defendant: The person against whom a claim is brought.

Deponent: The person who testifies at a deposition.

Deposition: A pretrial discovery device in which one party verbally answers questions from the other party.

Dilution: The effect of reducing an existing shareholder's interest in a corporation when new shares are issued.

Director: A member of the governing board of a corporation or association elected or re-elected at annual meetings of the shareholders or members. As a group the directors are responsible for the policy making,

Discovery: Methods and procedures by which information is made available to each party prior to trial. Discovery may include depositions, interrogations, requests for production of documents, and demands for independent medical examinations.

Dissolution of Corporation: Termination of a corporation

Dissolution: The process of shutting down a corporation, settling its affairs, and ending its life.

Distribution: A transfer of profits or property by a corporation to its shareholders.

Dividend: A share of profits issued to the holders of shares in a corporation. Dividends can be paid in shares of stock or other property such as shares in a subsidiary or parent company.

Dividend Priority: Special rights enjoyed by holders of a secondary class of stock that entitle holders to receive dividends before other shareholders.

Docket: A summary system kept by the clerk's office which contains a record of all pleadings, court orders and other important activities in a case.

Doing Business As (DBA): A company whose operating name differs from its legal name is said to be "doing business as" the operating name. Some states require DBA or "fictitious business name" filings to be made for the protection of consumers conducting business with the entity.

Doing Business: Carrying on the normal activities of a corporation on a regular basis or with substantial contacts-not just an occasional shipment.

Domestic Corporation: In general, a corporation whose articles of incorporation are filed in the state in which it operates and maintains its principal office.

Dram Shop Rule: A statute (Dram Shop Act) or case law in 38 states which makes a business which sells alcoholic drinks or a host who serves liquor to a drinker who is obviously intoxicated or close to it, a crime.

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Joe Griffith Co-Authors Book On Health Care Fraud Joe Griffith Co-Authors Book On Securities Fraud
 
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