shell company

shell company
A company with no significant assets or operations often formed to obtain financing before beginning business.
Related links
+ shell company
USA
A company with no or nominal operations that also has only one of the following:
• Either no or nominal assets.
• Assets consisting solely of cash and cash equivalents.
• Assets consisting of any amount of cash and cash equivalents and nominal other assets.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • shell company — also shell corporation ➔ company * * *    A non trading company with a stock market quote. Also a dormant unquoted company …   Financial and business terms

  • shell company — shell companies N COUNT A shell company is a company that another company takes over in order to use its name to gain an advantage. [BUSINESS] The US shell company was set up to mount a bid for Kingston Communications …   English dictionary

  • shell company — or shell corporation n. a company existing as a legal entity but having no significant assets, independent business operations, etc., often owned or controlled by another company and used for various, often illegal, purposes * * * …   Universalium

  • shell company — or shell corporation n. a company existing as a legal entity but having no significant assets, independent business operations, etc., often owned or controlled by another company and used for various, often illegal, purposes …   English World dictionary

  • shell company — UK / US noun [countable] Word forms shell company : singular shell company plural shell companies business a company that does not own anything or do any work as an independent company, but is used by its owners to carry out particular business… …   English dictionary

  • shell company — / ʃel ˌkʌmp(ə)ni/ noun a company which does not trade, but exists only as a name with a quotation of the Stock Exchange (NOTE: The US term is shell corporation.) ▪▪▪ ‘…shell companies, which can be used to hide investors’ cash, figure largely… …   Dictionary of banking and finance

  • shell company — 1) A non trading company, with or without a stock exchange listing, used as a vehicle for various company manoeuvres or kept dormant for future use in some other capacity. 2) A company that has ceased to trade and is sold to new owners for a… …   Accounting dictionary

  • shell company — 1) A non trading company, with or without a stock exchange listing, used as a vehicle for various company manoeuvres or kept dormant for future use in some other capacity. 2) A company that has ceased to trade and is sold to new owners for a… …   Big dictionary of business and management

  • shell company — noun see shell IV, 2 …   Useful english dictionary

  • shell company — noun a non trading company used as a vehicle for various financial manoeuvres …   English new terms dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”