ADMITTED ASSETS are assets whose values are permitted by state law to be included in the annual statement.
DEVOLVE is to pass on or delegate to another, e.g. a devolved letter of credit.
OPERATING INTEREST is the legal right to assets used to produce revenue, e.g., produce oil or gas from a well, accompanied by the responsibilities to pay production costs and assume the risks.
Enter a term, then click the entry you would like to view.