by Jason M. Gordon | Feb 23, 2025 | Business Transactions, Antitrust, & Securities Law
What is a Direct Stock Purchase Plan (DSPP)?The direct stock purchase plan is an alternative way of buying shares of a given company. It is a program that allows an individual investor to buy the stock of a given company directly from that particular company without...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is an Exposure Draft?An exposure draft is a document that the Financial Accounting Standards Board (FASB) uses to solicit comments or discussions from the public concerning a proposed accounting law or a pronouncement.An exposure draft is not a final document. It...
by Jason M. Gordon | Feb 23, 2025 | Inheritance, Estates, and Trusts
What is an Exordium Clause? An exordium clause is the opening clause of a Last Will and Testament (“Will”) that officially states that the document is “a will.” How Does an Exordium Clause Work? An exordium clause also introduces the testator...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is Defeasance? Defeasance refers to the substitution of collateral in a loan agreement. It occurs when cash or bonds equivalent to a borrowers debt is substituted for the collateral and used to service the debt. Defeasance often renders a loan void given that the...
by Jason M. Gordon | Feb 23, 2025 | Commercial Law: Contract, Payments, Security Interests, & Bankruptcy
What is a Competitive Tender?In the trade of securities, a competitive tender is an auction or bidding process through which securities are purchased by institutional investors and corporations. In a competitive tender, the highest bidder is awarded the newly issued...
