The Money exchange

Category: glossary , Asked by: B. Stephenson from Canada

A: A law that permits a court to triple the amount of damages awarded in cases where the defendant willfully acted in a prohibited way. Usually a court will require substantial evidence proving that the defendant's actions were willful in nature or done in bad faith before treble damages are awarded. In the corporate world treble damages often arise in regard to patent infringement, willful counterfeiting and antitrust lawsuits. Damages are calculated against the financial loss incurred by the plaintiff directly resulting from the actions of the defendant.

Category: glossary , Asked by: Dean Q. From Linz, Austria

A: "affiliate " is A type of inter-company relationship in which one of the companies owns less than a majority of the other company's stock, or a type of inter-company relationship in which at least two different companies are subsidiaries of a larger company. For example, let's say BIG Corp. Owns 40% of MID Corp.'s common stock and 75% of TINY Corp. In this case, MID Corp. And BIG Corp. Have an affiliate relationship, and TINY Corp. Is BIG Corp.'s subsidiary. However, note that for the purposes of filing consolidated tax returns, IRS regulations state that a parent company must possess at least 80% of a company's voting stock in order to be considered affiliated.

Category: money , Asked by: C. Rivers from United States

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