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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,...

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...

Force Majeure

Literally, French for "greater force." It refers to any extraordinary event or circumstance that is beyond the control of the...

A Posteriori

A Latin expression that translates as "from the latter", usually referring to reasoning that is applied backward from an effect...

Ex-Post

Latin for a situation or fact that is taken into consideration "after the event". In other words, ex-post involves an...