Jason M. Gordon - Law for Georgia

Collateral (Security Interest) – Explained

by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy

What is Collateral? Collateral is an asset that is used as a pledge against a financial obligation, such as a loan or bond. Generally, collateral may be repossessed by the secured entity and sold if the underlying obligation is not paid. When is Collateral required?...

Coinsurance – Explained

by Jason M. Gordon | Feb 23, 2025 | Insurance & Risk Management

What is Coinsurance? This is the amount that is paid by an insured against a claim after the deductible is settled. It is usually expressed as a fixed percentage. The coinsurance provision is the same as a co-payment provision in health insurance. The only difference...

Carve Out – Explained

by Jason M. Gordon | Feb 23, 2025 | Business Transactions, Antitrust, & Securities Law

What is a Carve-Out?A Carve Out can have numerous definitions, as follows: Asset Divestment Management Incentive Rights (Liquidation Preference) Separation of Security Classes Each of these is discussed below.What is an Asset Carve-Out?Carve-Out in this scenario is...

Chairman of the Board – Explained

by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership

What is a Chairman of the Board? The Chairman of the Board of Directors (COB) is the leader of the board of directors whose role is to ensure that there is accountability among the officers and is equally accountable for the management of the officers. The chairman...

Charitable Remainder Trust – Explained

by Jason M. Gordon | Feb 23, 2025 | Inheritance, Estates, and Trusts

What is a Charitable Remainder Trust? A charitable remainder trust refers to a tax-exempt trust intended to cut down the taxable income of various individuals by dispersing trust income to the trust’s beneficiaries for a certain period. The next step usually...

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