PROTECTED CELL COMPANY (PCC)
\pɹətˈɛktɪd sˈɛl kˈʌmpəni pˌiːsˌiːsˈiː], \pɹətˈɛktɪd sˈɛl kˈʌmpəni pˌiːsˌiːsˈiː], \p_ɹ_ə_t_ˈɛ_k_t_ɪ_d s_ˈɛ_l k_ˈʌ_m_p_ə_n_i__ p_ˌiː_s_ˌiː_s_ˈiː]\
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Also known as a Segregated Portfolio Company or SPC. A company will isolate its business dealings into seperate cells to insure they are kept safe from other issues that may adversely effect other cells. The companies liabilities and assets are kept segregated from each other.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.
Nearby Words
- protease xiv
- proteases
- protect
- protected
- protected cell company
- PROTECTED CELL COMPANY (PCC)
- protected health information
- protected risk
- protected sex
- protected states
- protected territory