MERGER Voluntary amalgamation of two firms on roughly equal terms into one new legal entity.

Mergers are effected by exchange of the pre-merger stock (shares) for the stock of the new firm. Owners of each pre-merger firm continue as owners, and the resources of the merging entities are pooled for the benefit of the new entity. If the merged entities were competitors, the merger is called horizontal integration, if they were supplier or customer of one another, it is called vertical integration.

merger is in the Banking, Commerce, Credit, & Finance, Decision Making, Problem Solving,
& Strategy, Economics, Politics, & Society and Entrepreneurship, Management, & Small Business subjects.

merger appears in the definitions of the following terms: downsizing, push-down accounting,
consolidation, congeneric merger, and Clayton Act.

Term of the Day

limited liability company (LLC)

Relatively recent type of US business structure that combines the limited personal liability feature of a corporation with the single taxation feature of a partnership or sole-proprietorship firm. Its profits and tax benefits are split any way the stockholders/ shareholders (whether individuals or other firms) choose. Tax return for a LLC is filed with the taxation authorities only for the purpose of information, and each shareholder files own tax return separately. See also limited company.

limited liability company (LLC) is in the Banking, Commerce, Credit, & Finance, Corporate,
Commercial, & General Law and Entrepreneurship, Management, & Small Business subjects.

limited liability company (LLC) appears in the definitions of the following terms: business
entity, self employment income, external claim, company limited by share, and Centre for European Economic Research.

macroeconomics
Study of the behavior of the whole (aggregate) economies or economic systems instead of the behavior of individuals, individual firms, or markets (which is the domain of Microeconomics). Macroeconomics is concerned primarily with the forecasting of national income, through the analysis of major economic factors that show predictable patterns and trends, and of their influence on one another. These factors

include level of employment/unemployment, gross national product (GNP), balance of payments position, and prices (deflation or inflation). Macroeconomics also covers role of fiscal and monetary policies, economic growth, and determination of consumption and investment levels.

macroeconomics is in the Economics, Politics, & Society subject.

macroeconomics appears in the definitions of the following terms: recessionary gap, demand side
economics, demand management, Keynesian economics, and microeconomics.

qualification
Capacity, knowledge, or skill that matches or suits an occasion, or makes someone eligible for a duty, office, position, privilege, or status. Qualification denotes fitness for purpose through fulfillment of necessary conditions such as attainment of a certain age, taking of an oath, completion of required schooling or training, or acquisition of a degree or diploma. Qualification does not necessarily imply competence. Precise limitation (from general to particular) of language, scope, or terms that would otherwise be interpreted broadly or differently.

qualification is in the Corporate, Commercial, & General Law and HR, Recruiting, Teams,
& Training subjects.

qualification appears in the definitions of the following terms: expert evidence, unfair
dismissal, nominee director, magistrate, and de facto director.