Law Library: The SAXINGER Legal Glossary
Key Legal Terms Explained Clearly and Simply
Capital company
What is a capital company? A capital company is a commercial corporation in which shareholders are...
Capital company
What is capital company? A joint-stock company is a capital company. The minimum share capital is...
Convertible bond
What is meant by the term ‘convertible bond’? Convertible bonds are bonds issued by a joint-stock...
Equity
What is meant by the term ‘equity’? Equity represents the funds provided to a company by its...
General meeting
What is meant by the term ‘general meeting’? The general meeting is the supreme governing body,...
Limited liability company
What is meant by the term ‘limited liability company’? A limited liability company, or s.r.o. for...
Limited partnership
What is a limited partnership? Limited partnership (k. s.): This is a hybrid form of company, as at...
Merger
What is meant by the term ‘merger’? In commercial relationships, a merger refers to the...
Natürliche Person
What is meant by the term ‘natural person’? In legal terms, a natural person is a human being. A...
Negative equity
What does negative equity mean? Negative equity means that the company’s accounting liabilities...
Partnership
What is a partnership? The Business Corporations Act regulates two types of personal companies in...
Partnership without legal personality
What is a partnership without legal personality? Under Czech law, following a major amendment to...Pledge right
A pledge right is a right in rem over another person’s property which entitles the pledgee to...
Prohibition on the return of a contribution
What is the prohibition on the return of a contribution? This is one of the principles governing...
Rrestriction on disposal
What is a restriction on disposal? A restriction on disposal means a limitation on the right to...
Share
What is meant by the term ‘share’? A share is a security or book-entry security which confers upon...