Glossary of most frequent business formation terms

A B C D E F G H I J L M N O P Q R S T U V W

-T-

Takeover

Target Company

Tax-exempt organization

Trademark

Treasury Stock

 

-T-

 

Takeover

Acquiring control of a corporation, called a target, by stock purchase or exchange, it can be either a friendly acquisition or an unfriendly, hostile situation, caused by a large creditor at the objection of the current owner.

 

Target Company

A company that is the object of a takeover by another firm.

 

Tax-exempt organization

Any organization that is determined by the Internal Revenue Service to be exempt from federal taxation of income. A tax-exempt may be required to operate exclusively for charitable, religious, literary, educational or similar types of purposes.

 

Trademark

A distinctive name, symbol, motto, or design that legally identifies a company or its products and services, or a certificate issued for such identification by the federal government for a specified period of time, granting the right to prevent competitors from using similar marks in selling or advertising. Trademarks may be registered with the US Patent and Trademark Office.

 

Treasury Stock

Common stock that was once issued and outstanding, but have been reacquired by the company and held in the company's treasury to be retired or resold to the public.