Verbatim means word by word or exactly. In practice, this means that when you’re quoting something or reproducing someone else’s quote, the text itself is being reproduced and replicated exactly. verbatim verbatim (adverb) citation Hansard More information on the words discussed in the video, including…
One the most frequently asked questions we get is what does the phrase general meeting refer to? The confusion stems from the fact that there is a distinction between Legal English in the British English and American English contexts. In American Legal English we would…
Avoid saying LLC or limited liability company unless you are specifically referring to the U.S. company form. limited liability company More information on the words discussed in the video, including sound files, examples of usage, common mistakes and encyclopaedic information, can be found in TransLegal’s…
What do you call the highest ranking corporate officer in a company or corporation? There really are two primary titles or names given to these individuals and that’s either the CEO which standards for the Chief Executive Officer or Managing Director. chief executive officer due…
“Pro rata” is a legal Latin phrase meaning “in proportion” or “proportional” as determined by a specific factor. The phrase is used quite often in the company law context. Watch this video to see how the term is used. pro rata allocate More information on…
In the context of a wholly owned subsidiary, wholly means entirely or completely. So, a wholly owned subsidiary really means that the subsidiary is entirely or completely owned by the parent company. wholly owned subsidiary parent company subsidiary More information on the words discussed in…
A greenshoe option is an option available to the underwriter of an initial public offering, (“IPO”) to issue more shares if the IPO is oversubscribed. It’s named after the Green Shoe Company which was the first to issue such an option. greenshoe option More information…
The term assignment has both a general English and a Legal English meaning. Generally, the word assignment means a task, a job or a project. But in a Legal English context, the word assignment means a complete transfer of rights, which can be distinguished from…
“Pro bono publico”, usually shortened to “pro bono”, is a phrase derived from Latin meaning “for the public good.” In the legal context, the term is generally used to indicate work undertaken voluntarily and without payment as a public service. Watch this video to lean…
The term “equity” has different meanings, even within the Legal English field. It has a specific meaning within the corporate law context, i.e. value or ownership interest, as well as a somewhat contradictory meaning according to the common law, i.e. fairness. equity equity stake equity…