a b c d e f g h i j k l m n o p q r s t u v w y z search

TeachMeFinance.com - explain Community of interest historic definition... Community of interest -- This term means joint ownership or joint control for the purpose of maintaining harmonious relations. When, for instance, one set of capitalists in control of one railroad acquire an interest in a competing railroad with representation in its board of directors and the set of capitalists in control of this second railroad acquire an interest in the other railroad with representation in its board of directors, with the object of mutual benefit, a community of interest is established. Also, when two competing railroads together acquire control of a third line connecting with both a community of interest is established if the object be mutual benefit. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.