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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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National Origin Discrimination: Discrimination on the basis of an employee's ethnicity.

Negligence: Failure to exercise reasonable care to avoid injuring others or their property. Negligence includes both actions and failure to act.

No Par Shares: Shares for which there is no designated par value.

Non- Compete Agreement: A contract (or part of a contract) in which an employee promises not to work for a competing employer (or to set up a competing business) during, or for a certain length of time after, the employment with the employer.

Non-Profit Corporation: A business organization that serves some public purpose, and therefore enjoys special treatment under the law. Nonprofits corporations, contrary to their name, can make a profit, but cannot be designed primarily for profit-making. Distributions upon liquidation typically must be made to another nonprofit.

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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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Mt. Pleasant, SC 29464