Reverse Takeover

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What does Reverse Takeover mean? Read on to discover the definition & meaning of the term Reverse Takeover - to help you better understand the language used in insurance policies.

Reverse Takeover

Reverse Takeover

A merger between a Chinese company and a dormant U.S. shell company listed on a U.S. exchange as a back-channel way of listing a Chinese company in the United States. U.S. accountants, lawyers, and bankers who have helped facilitate such transactions are among the subjects of these ongoing federal probes.

More Insurance Terms And Definitions

The Merriam-Webster Dictionary defines insurance as:

a: The business of insuring persons or property.

b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.

c: The sum for which something is insured.

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