BUY v.
uy off, or detach from. Shak. (b) To purchase the share or shares of in a stock, fund, or partnership, by which the seller is separated from the company, and the purchaser takes his place; as, A buys out B. (c) To purchase the entire stock in trade and the good will of a business. -- To buy in, to purchase stock in an…
DORMANT a.
rmant partner (Com.), a partner who takes no share in the active business of a company or partnership, but is entitled to a share of the profits, and subject to a share in losses; -- called also sleeping or silent partner. -- Dormant window (Arch.), a dormer window. See Dormer. -- Table dormant, a stationary table. […
JOINT a.
ally. -- Joint stock, stock held in company. -- Joint-stock company (Law), a species of partnership, consisting generally of a large number of members, having a capital divided, or agreed to be divided, into shares, the shares owned by any member being usually transferable without the consent of the rest. -- Joint t…
SPECIAL a.
artner with a limited or restricted responsibility; -- unknown at common law. -- Special partnership, a limited or particular partnership; -- a term sometimes applied to a partnership in a particular business, operation, or adventure. -- Special plea in bar (Law), a plea setting forth particular and new matter, disti…