Business, Legal & Accounting Glossary
One who has left, either temporarily or permanently, his or her domicile or usual place of residence or business. A person beyond the geographical borders of a state who has not authorized an agent to represent him or her in legal proceedings that may be commenced against him or her within the state.
An absentee landlord is an individual who leases real estate to another but who does not reside in the leased premises.
An absentee corporation is one that conducts business within a state other than the place of its incorporation but has not designated an agent for purposes of service of process, which might ensue from disputes involving its business transactions there.
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This glossary post was last updated: 8th October, 2021 | 0 Views.