Habendum Clause Definition

Habendum Clause Definition

What Is a Habendum Clause? A habendum clause is a section of a contract that deals with property rights, interests, and other aspects of ownership given to one of the parties to a deal. Consisting of basic legal language, it is usually included in property-related documents. Most buyers and sellers have experience with it through

Halloween Massacre Definition

Halloween Massacre Definition

What Was the Halloween Massacre? The Halloween Massacre refers to the Canadian government’s 2006 decision to tax all income trusts domiciled in Canada. On Halloween, Oct. 31, 2006, Canada’s then-minister of finance, Jim Flaherty, announced that all income trusts would be taxed similarly to corporations at a rate of over 30% on taxable income, causing

Grunt Art work Definition

Grunt Art work Definition

What Is Grunt Work? Grunt work is an expression used to describe thankless and menial work. Grunt work can also refer to jobs that either lack glamour and prestige or are boring and repetitive. In the context of the finance industry, grunt work could entail combing through a company’s financial records, looking for positive and