Rule 506 (formally 17 CFR § 230.506) is a Securities and Exchange Commission (SEC) regulation that allows private placement under Regulation D and enables issuers to offer an unlimited amount in securities.
Relationship with Section 5...COMMERCE
S corporation
S corporations are corporations that are taxed on a "flow -through" basis. This means that tax liabilities from income (or deductions from losses) are passed onto the corporations' shareholders to be declared individually. This tax scheme is...
sale
A sale is an exchange of property between a seller and a buyer, usually for money. In a sale, a seller often transfers title to property to a buyer in exchange for money or something of value.
[Last updated in July of 2021...
sales
Sales law refers to the body of laws and regulations governing the sale of goods and services. Every state has adopted at least part of Article Two of the Uniform Commercial Code (UCC) as the primary body of law regulating transactions of...
sales tax
A general tax on the transacting of goods or services paid at the time of the transaction is a sales tax. A sales tax is a tax on consumption, related to value-added taxes, tariffs, and excise taxes.
In the U.S., sales...
sanctity of contract
Sanctity of contract is a general idea that once parties duly enter into a contract, they must honor their obligations under that contract.
See efficient breach theory (contrast).
[Last updated in June of 2024 by the...
Sarbanes-Oxley Act
The Sarbanes-Oxley Act (SOX) is a federal act passed in 2002 with bipartisan congressional support to improve auditing and public disclosure in response to several accounting scandals in the early-2000s. The act was named after the bill...
satisfaction
Satisfaction is the fulfillment of an obligation. The term is often used in the context of contract law when one performs their duties under the contract. The term is also often found in the context of judgments in determining whether a party...
satisfaction of mortgage
A satisfaction of mortgage is a document that proves the borrower has paid off the mortgage in full, freeing the loan's lien on the property and giving the title to the borrower. The facts of the mortgage loan, conditions relieving the lender...
save harmless
A save harmless clause, also known as a hold harmless clause, is a clause in a contract where one party promises not to hold the other party responsible if the other party causes some type of harm to the first party when performing the...