Law Library: The SAXINGER Legal Glossary

Key Legal Terms Explained Clearly and Simply

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Capital company

Capital company

What is a capital company? A capital company is a commercial corporation in which shareholders are...
Capital company

Capital company

What is capital company? A joint-stock company is a capital company. The minimum share capital is...
Convertible bond

Convertible bond

What is meant by the term ‘convertible bond’? Convertible bonds are bonds issued by a joint-stock...
Equity

Equity

What is meant by the term ‘equity’? Equity represents the funds provided to a company by its...
General meeting

General meeting

What is meant by the term ‘general meeting’? The general meeting is the supreme governing body,...
Limited liability company

Limited liability company

What is meant by the term ‘limited liability company’? A limited liability company, or s.r.o. for...
Limited partnership

Limited partnership

What is a limited partnership? Limited partnership (k. s.): This is a hybrid form of company, as at...
Merger

Merger

What is meant by the term ‘merger’? In commercial relationships, a merger refers to the...
Natürliche Person

Natürliche Person

What is meant by the term ‘natural person’? In legal terms, a natural person is a human being. A...
Negative equity

Negative equity

What does negative equity mean? Negative equity means that the company’s accounting liabilities...
Partnership

Partnership

What is a partnership? The Business Corporations Act regulates two types of personal companies in...
Partnership without legal personality

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

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

Rrestriction on disposal

What is a restriction on disposal? A restriction on disposal means a limitation on the right to...
Share

Share

What is meant by the term ‘share’? A share is a security or book-entry security which confers upon...
Silent partnership

Silent partnership

What is a silent partnership? In the Czech Republic, silent partnerships are governed by Sections...