Pledges that a company makes in order to pay back liabilities that any of the directors may be deemed responsible for. This covers personal expenses or lawsuits that could order thanks to the action of anyone on the board of directors

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser