Terms Used In CFR > Title 7 > Subtitle B > Chapter I > Subchapter A > Part 28 > Subpart C > Symbols and Code Numbers Used in Recording Cotton Classification

• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.