ANTEDATE
A date specified on a check or legal contract that is before the actual date of occurrence. An antedate may at times be used if there is a delay in the contract, to ensure that the parties will not suffer from delays in the contract. The antedates can also be employed illegally to benefit the parties involved by changing dates in contracts to accomplish more desirable terms.
Also referred as "backdate."
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Dynasty Trust
Long-term trusts made to pass wealth from one generation to another without paying transfer taxes including estate and gift taxes. The trust can su ...
C&I
Loan made to a business or company, not to an individual, which provides either working capital or finances key capital expenditures. Usually short ...
Hypermarket
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The asset's market value which an investment company handles on behalf of investors. Assets Under Management (AUM) is perceived as a scale of s ...
Business Income Coverage Form
Insurance policy which covers a loss of income a firm incurs due to a slowdown or temporary suspension of its operations because if damage to its p ...
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