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What is a Brokerage Firm?A brokerage firm is an institution that, in essence, acts as a stock broker for individual clients or business entities. The broker is a party that mediates between any buyer and seller in a market.  A broker can also act as a seller or as a buyer to initiate a principal agent to the deal.There are a number of types of brokers, including: aircraft ..

A mutual fund is in essence, a company that pools investors' money to purchase an assortment of stocks and bonds. The financial securities purchased by mutual funds are grouped into one family of investments. The investments are chosen by financial professionals who attempt to find a balance that is in line with a specific market sector or investment philosophy. In id..

A bond is a debt security where the issuer owes the holder of the bond a debt. A bond is a fixed-income security, meaning the investor is guaranteed repayment. Bonds can be issued by companies, individuals, or government agencies. The receiver of the bond pays the issuer the bond price and, in turn, the individual receives interest payments and eventually a percentage ..

The Use of Novation in Contracts and AgreementsIn both business law and contract law, novation is a mutual agreement of the substitution of a new debt or obligation for an old one. The old one is then relieved and replaced by the newly contracted one. This can happen both with or without a chance in the parties involved. A novation is most often applied when the parties in..

In an order-based negotiable instrument, called a draft, the drafter orders the draftee to pay a certain amount of money to the payee on a certain predetermined time frame. To describe it in a different way, a draft involves one party ordering a bank, or other intermediary, to pay a third party. These orders do not quite involve the same function as promissory notes' unconditio..

Types of corporations Each type of corporation has liability as an entity. However, many times the individuals employed by a company are not held liable for the actions of that entity. Yet, employees of a corporation can be held liable in cases where they acted alone or without permission from the corporation.     S corporation   S corporations..

What is a Partnership?A partnership is a business formation where a relationship exists between multiple persons who come together to carry on a business or trade. Each individual in the partnership will contribute property, money, labor or skill and in turn, share the profits and losses the business generates. Partnerships are required to file annual information returns w..

Personal DefensesPersonal defenses are the bookend of universal defenses. Where universal defenses are harder to prove, personal defenses are easier to prove, though still not too easy, and where universal defenses offer great protection, even against holders in due course, personal defenses offer protection only against ordinary holders with absolutely no protection afforded a..

Physical harassment, in relation to sexual harassment, is when a victim is touched in an inappropriate way. Most importantly, the victim is touched against his or her will. Sexual harassment claims of this nature can come about for many reasons including:   Assaulting an individual for any reason;  Touching may include massaging a person on any body part without ..

What is Product Management?Product management refers to the organizational lifecycle within a business entity’s model, dealing primarily with the forecasting, planning and/or marketing of a product at all points of the product’s lifecycle. Product management consists of fundamental procedures attached to the sale of an entity’s good, including product development and..

Product management refers to the organizational lifecycle within a business entity’s model, dealing primarily with the forecasting, planning and/or marketing of a product at all points of the product’s lifecycle. Product management consists of fundamental procedures attached to the sale of an entity’s good, including product development and product marketing. The obj..

For all the different forms of liability that surround negotiable instruments, there are a comparable number of ways for defending oneself from such liability.  These defenses vary in strength and efficacy, and oftentimes require specific proof of some wrongdoing from another involved party. But they can protect the makers and issuers of negotiable instruments from needing..

When an individual considers a business or a company, he/she will generally imagine an entity that produces and sells certain goods. Companies are usually recognized as agencies that offer consumers specified goods and services. It is through selling these goods and services that a company is able to acquire a profit. However, not every company operates in this manner.A holding..

Cap and trade is a particular kind of trading policy which is designed to help environmental purposes within the society implementing a cap and trade system. The cap and trade system incorporates a cap on emissions, which is why the term “cap” is used in the system’s title.This cap, in a cap and trade system, is entirely non-negotiable and is enforced by the government. T..

Securities fraud can be defined as any practice or action that is implemented with the purpose of convincing investors to participate in the purchase, sale, or transactions of securities and financial instruments as a result of false information. Also known as investment or stock fraud, securities fraud will usually result in the loss of money and/or invest on behalf of the inv..