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Definition of Shares Shares can be defined as the units of capital or ownership of a limited liability company,it is the division of the company’s ownership into numerous equal parts.i.e the interest which a shareholder has in the company. A company cannot commence business until it raises by selling to the public for subscription. Types […]
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What is a Prefix? To understand what a prefix is, it is imperative to first understand what a root word is. That said, a root word is a word that can be changed into a new word by adding a beginning and/or an ending. In this light therefore, a prefix is a beginning that is added
Definition of Prepositional Phrase A prepositional phrase is a group of words containing a preposition, a noun or pronoun object of the preposition, and any modifiers of the object. A preposition sits in front of (is “pre-positioned” before) its object. The following words are the most commonly used prepositions: about. below. A prepositional phrase can also
Adverb: Definition An adverb is the part of speech (or word class) that is primarily used to modify a verb, adjective, or other adverb. Adverbs can also modify prepositional phrases, subordinate clauses, and complete sentences. In other words, adverbs tell us in what way someone does something. Adverbs can modify verbs (here: drive), adjectives or
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Clause: Subordinate and Insubordinate A subordinate clause (or dependent clause) is a clause that cannot stand alone as a complete sentence because it does not express a complete thought. A subordinate clause is a group of words, which include a finite or non-finite verb. The subordinate clause cannot stand independently as it is not complete
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What is Acquisition of Business? Business Acquisition is the process of buying a company to build on strengths or weaknesses of the company making the purchase. It can also be defined as a corporate action in which a company acquires ownership of another company by buying most, if not all of the other company’s ownership stakes. This
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What is Company Amalgamation? Amalgamation is the blending of two or more existing companies into one company. For example, if two existing companies such as Dangote Flour and Flour Mill Plc go into liquidation to form a new company Dan Flour Mill, it will be a perfect example of amalgamation. Amalgamation can also be defined
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Introduction to Company Formation Company Formation is all about the process of founding (i.e., incorporating) a new business enterprise. It is also sometimes called company registration. Company Formation can also be defined as the procedures undertaken to register a business enterprise as a limited company and give it a legal status. In other words, a business becomes
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What is Financial System? A financial system is a conglomerate of various markets, instruments, operators, and institutions that interact within an economy to provide financial services such as resource mobilization and allocation, financial inter-mediation and facilitation of foreign exchange transactions to exchange foreign trade. Financial system in a market economy is comprised of both of monetary
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Introduction Purchase of business is the process of acquisition of old business by a company. Promoters can acquire a business and sell it to another company at a profit. The persons who sells the business is another company is called the “vendor”. The money paid by the purchaser is called “purchase price”, the purchase of
