Zoning Definition.

Zoning definition is the official definition of the zoning classification of a piece of land as stipulated in a city or county zoning ordinance. The zoning definition generally includes the specific use or uses that are permitted in that zoning classification, as well as any restrictions on the development of the land. What is called … Read more

What is absorbing a company?

When one company is taken over by another, the capital and assets of the first company are transferred to the second company. The absorbed company disappears as a company and forms part of the absorbing company. The term "absorption of a company" must be differentiated from that of "company merger”. The merger occurs when both … Read more