Concept in the corpoate business world that protects stockholders from being liable for the debts of the business.
A simple way of understand this is that stockholders can ONLY lose what they invest; creditors of a business CANNOT go after the stockholders for the business's liabilities.
Basically a business can rack up a bunch of debt, go under, and not have pay the difference owed to creditors after liquidating.
This concept does NOT apply to family owned business AKA non-corporations.
A simple way of understand this is that stockholders can ONLY lose what they invest; creditors of a business CANNOT go after the stockholders for the business's liabilities.
Basically a business can rack up a bunch of debt, go under, and not have pay the difference owed to creditors after liquidating.
This concept does NOT apply to family owned business AKA non-corporations.
by Iconoklastic~ February 17, 2010
by Iconoklastic~ April 19, 2010
The sexiest pokemon alive. This motherfucker will blow itself up in your face, attacking your weak point and causing MASSIVE DAMAGE. Trust me. It'll most likely OHKO you if you're not a rock or ghost type. I love Electrode because he resembles a male's testicle.
Electrode!!! *Uses explosion, selfdestruct, and recover simeltaneously.*
by Iconoklastic~ February 15, 2010
When someone has a lot of swag (see sex appeal or charism) and you want some of it - this is what you ask them.
by Iconoklastic~ February 22, 2010
When, quite literally, a person is pissed off so bad that they cannot mentally, emotionally, or physically (teehee @ pun) take it anymore.
K': You're such a fuck up. I think you fail at life. You're the biggest loser I've ever met. Your IQ is the equivalent to an apple.
Random Girl: ZOMG I CAN'T TAKE IT ANYMORE! STOP INSULTING ME BEFORE I SNIP YOUR BABY CARROT OFF!
Random Girl: ZOMG I CAN'T TAKE IT ANYMORE! STOP INSULTING ME BEFORE I SNIP YOUR BABY CARROT OFF!
by Iconoklastic~ February 24, 2010