Economics & Finance | Françoise Clementi

shareholders meeting

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A meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors

shadow banking system

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The shadow banking system is a term for the collection of non-bank financial intermediaries that provide services similar to traditional commercial banks but outside normal

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Certificate representing one unit of ownership in a corporation , mutual fund, or limited partnership. (source: http://www.investorwords.com/4525/share.html)

settle an account

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To pay or receive a balance due. (source: http://www.collinsdictionary.com/dictionary/english/settle-accounts-with)

settlement

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Official agreement intended to resolve a dispute or conflict characterized by or exhibiting friendliness or goodwill. (source:http://www.wordreference.com/definition/settlement)

several liability

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A proportionate liability, where the parties are liable for only their respective obligations.

severance pay

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The compensation that an employer provides to an employee who has been laid off, whose job has been eliminated, who through mutual agreement has decided

severance payment

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Severance pay is money that an employer might want to provide for an employee who is leaving their employ. (source: http://humanresources.about.com/od/glossarys/a/severance_pay.htm)