A license (American English) or licence (British English) gives permission to a licensee to do something in particular, e.g. a driving license, a business license, liquor license, etc. A lease, on the other...

An ‘affiliate’ is a type of inter-company relationship in which a company owns less than a majority of another company’s stock. A ‘subsidiary’, also known as a daughter company, is a company that is completely...

The American Bankers Association (ABA) number is an identification number that appears in the upper right corner of the check in the form of a fraction. The number is used to identify the location of the bank...

In financial accounting or bookkeeping, "Dr" (Debit) is the left side of a ledger account or when something has been deducted from the account, whereas "Cr" (Credit) is the right side of a...

A cooperative is a group of people who come together and voluntarily cooperate for their mutual, social, economic, and cultural benefit. A corporation is a separate legal entity, which is owned by shareholders...