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corporation
corporation in law, organization enjoying legal personality for the purpose of carrying on certain activities. Most corporations are businesses for profit; they are usually organized by three or more subscribers who raise capital for the corporate activities by selling shares of stock , which repr...
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multinational corporation
multinational corporation business enterprise with manufacturing, sales, or service subsidiaries in one or more foreign countries, also known as a transnational or international corporation. These corporations originated early in the 20th cent. and proliferated after World War II. Typically, a mult...
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Rand Corporation
Rand Corporation research institution in Santa Monica, Calif.; founded 1948 and supported by federal, state, and local governments, as well as by foundations and corporations. Its principal fields of research are national security and public welfare. Research in national security affairs includes s...
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Home Owners' Loan Corporation
Home Owners' Loan Corporation (HOLC), former U.S. government agency established in 1933 to help stabilize real estate that had depreciated during the depression and to refinance the urban mortgage debt. It granted long-term mortgage loans to some 1 million homeowners facing loss of their property. ...
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Business Roundtable
Business Roundtable (BRT), an association consisting of the chief executive officers of major U.S. corporations that was founded in 1972 through the merger of the three preexisting business organizations. The BRT was established to give large corporations a stronger voice in lobbying U.S. governmen...
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greenmail
greenmail payment, by a corporation that is a takeover target, of a premium price for the shares of its stock that have been accumulated by the potential buyer. In exchange, the potential buyer stops the takeover bid.
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stock
stock in finance, instrument certifying to shares in the ownership of a corporation. Bonds are similar evidences of shares in a loan to a corporation. Stock yields no dividends until claims of bondholders have been met. Preferred stock is entitled to dividends of a specified percentage per annum be...
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Stephen Johnson Field
Stephen Johnson Field 1816-99, American jurist, Associate Justice of the U.S. Supreme Court (1863-97), b. Haddam, Conn. After practicing law for several years in New York City with his brother David Dudley Field , he went to California in 1849, settled at Marysville, and in 1850 was elected to the...
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Vichy
Vichy , city (1990 pop. 28,048), Allier dept., central France, on the Allier River. Vichy's hot mineral springs have made it one of the foremost spas in Europe. In addition to bottled Vichy water, pharmaceuticals, clothing, and cosmetics are manufactured. The Vichy government was the regime set up...
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merger
merger in corporate business, fusion of two or more corporations by the transfer of all property to a single corporation. The remaining corporation continues in existence, having absorbed the other(s). Mergers may be of various types: A vertical merger integrates different types of businesses tha...
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