ABSENTEE LANDLORD
An entity or individual that leases or rents real estate to another entity, but is not residing within the premises. An absentee landlord may refer to anyone from an overseas conglomerate to even a local investor. Generating rental income from their holdings is the main objective of the landlords regardless of the operation size. Management companies are usually hired by absentee landlords to maintain the properties and conduct the collection of rental payments.
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Uniform Premarital Agreement Act
Uniform Premarital Agreement Act is a law permitting parties of a premarital contract to select the jurisdiction where the contract will fall under ...
Commingled
In securities, combining customer-owned securities with brokerage’s own accounts. This is normally illegal.
Predator
A predator is a company with sufficient financial capability to easily bear the risks associated with acquiring other companies. Predators are cons ...
Net Acres
The amount of leased real estate that a petroleum and/or natural gas company has a true working interest in. Net acres express actual percentage in ...
Deposit In Transit
A deposit in transit is money that has been received by a company and sent to the bank, but which has not yet been processed and posted to the acco ...
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