ULC
An Unlimited Liability Corporation (ULC) is a structure that allows a company to flow all of its profits and losses to shareholders. It protects shareholders to amass large amounts of liability in most situation except in the event of the liquidation of the company. Shareholders that got rid of their shares in less than a year prior to liquidation of the company is accountable for the company’s liabilities.
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Skimming
Skimming is an act used by identity thieves to capture the personal information of an individual through electronic means. A little electronic devi ...
Federal Poverty Level - FPL
The minimum amount of gross income that a family needs for food, clothing, transportation, shelter and other necessities. In the United States, thi ...
Hiring Freeze
A situation where the employer temporarily freezes the hiring of new employees. Hiring freeze is put into place as a cost-saving effort as a result ...
Lump-Sum Payment
Repayment of the total or partial value of an asset by one-time payment. Usually, this is taken instead of recurring payments that would be receive ...
Announcement Date
The date in which a company will make an announcement on the details pertaining an issue of equity or debt. The announcement da ...
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