by Jason M. Gordon | Feb 23, 2025 | Business Transactions, Antitrust, & Securities Law
What is the Best-Price Rule (Rule 14D-10)?The Best-price rule (Rule 14D-10) is a regulation that stipulates that an entity giving certain considerations to some stockholders in a tender offer must make the same offer to all stockholders. This rule is simply called the...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is a Bearer Form? A bearer form describes a security, financial instrument, or negotiable instrument that has no owner of record. When security such as a bond or share which is payable to its bearer is not registered in the corporations book of the issuing...
by Jason M. Gordon | Feb 23, 2025 | Business Entities, Corporate Governance & Ownership
What is Comply or Explain?Comply or explain is a regulatory mechanism used in the United Kingdom as part of the codes of cooperate governance. The comply or explain principle stipulates that corporations should company with the Corporate Governance Code (also called...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is an Asset-Backed Commercial Paper Money Market Fund Liquidity Facility?Asset-backed commercial paper money market fund liquidity facility was an institution for loaning that the Federal Reserve Board established in 2008 that ran up to 2010. It provides funds to...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is Asset-Backed Commercial Paper?An asset-backed commercial paper program refers to a short-term debt offering that is backed by collateral. The paper is generally for $100,000 or more. It is an investment vehicle that is short-term with a maturity period of...
