The Law Dictionary

DUMMY CORPORATION

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A corporation which has no true purpose other than to serve as a dummy or placeholder for some other entity. … [Read more...]

DUMMY DIRECTOR

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

The director of a corporation that has no real interest in running the corporation, acts out the directives of others and serves merely as a figurehead. … [Read more...]

DUE DILIGENCE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Reasonable research and investigation that is done prior to the acquisition of an asset in order to identify and prevent foreseeable risks. … [Read more...]

DUE ON SALE CLAUSE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Mortgage provision that allows the mortgage holder to demand and obtain immediate payment on the outstanding portion of the loan once a property is sold. … [Read more...]

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