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Fiduciary Duty

A duty that is imposed upon a person by another (with the former's acceptance and willingness) due to the former's...

Fiscally Transparent Entity

A legal business entity that passes all its income on to the owners or investors of the business. The income...

FTE

It stands for flow-through entity; a legal business entity that passes all its income on to the owners or investors...

Flow-Through Entity

A legal business entity that passes all its income on to the owners or investors of the business. The income...

Virtual Entity

A business or non-business construct that is not constituted as a legal entity. The concept of virtual entity is commonplace...

Legal Entity

A individual, group of persons, business or non-business construct that has legal rights and obligations in connection with agreements, contracts,...

Effective Date

The date at which a contract or legal agreement becomes effective. In other words, an effective date marks a point...

Commencement Date

The date at which a contract or legal agreement becomes effective. In other words, a commencement date marks a point...

Ratio Decidendi

Latin (plural rationes decidendi)) for "reasons or rationale for the decision." In other words, it is the legal principle or...

Ratio Legis

Latin for the logical element of the law or reason for the law. It may also denote the purpose of...