Wasting Assets Corporation Law and Legal Definition
Wasting Assets Corporation is a corporation engaged in mining or cutting timber or some such business, so that dividends are in fact paid out of capital, the assets being consumed in the regular course of operations.
Legal Definition list
Related Legal Terms
- Actuarial Documents [Federal Crop Insurance Corporation]
- Actuarially Appropriate [Federal Crop Insurance Corporation]
- Adjusted Total Assets
- Admitted Assets
- Alaska Native Corporation
- Amended and Restated Articles of Incorporation
- American Municipal Bond Assurance Corporation
- Ancillary Corporation
- Articles of Incorporation
- Assets [Education]
