Default is when a company is unable to perform the obligations it agreed to in a loan agreement. Which failures by the company constitute default and which rights creditors have upon default vary from agreement to agreement. Often, default is […]
Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life.
DGCL is Delaware General Corporation Law. These statutes govern corporate law (including LLCs) in Delaware.
Dilution is the reduction in ownership percentage of a share of stock caused by the issuance of new stock.
A Director is an elected or appointed person who sits on the board of directors and helps the corporation to make certain decisions. Typically the board of directors is responsible for setting the strategic direction of a company.
Directors and Officers’ (D&O) Insurance is insurance purchased by a company to protect its directors and officers from claims arising out of company activities or to indemnify them for such claims.
Distribution is a payment by a company to its shareholders (or members in the context of an LLC).