LIEN WAIVER
Legal document or form releasing the assets or property of the waiver recipient, coming from a contractor, subcontractor, supplier or other party which holds a mechanic's lien. The waiver states they have been fully paid and will waive its future lien rights on the property. There are four types of lien waivers: unconditional waiver and release upon progress payment, conditional waiver and release upon progress payment, unconditional waiver and release upon final payment, and conditional waiver and release upon final payment. In the US, many states only acknowledge two lien waivers: conditional waivers on progress payments and unconditional waivers upon final payments.
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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
Hypermarket is a combination of a department store and a grocery supermarket. A hypermarket offers various products like clothing, groceries, and a ...
Assets Under Management
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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