Dictionary of Business Terms: dummy
dummy
individual or entity that stands in the place of the principal to a transaction; sometimes used to avoid personal liability.
Dictionary of Marketing Terms: dummy
dummy
Direct marketing: see salt name.
Printing: preliminary layout or set of blank pages created to show the planned format of the finished product; it must be examined and approved by the printing buyer prior to the printing of multiple copies.
Dictionary of Real Estate Terms: dummy
dummy
an individual or entity that stands in the place of the principal to a transaction.
Example: Abel wants to borrow from a bank $100,000 to build houses to sell. Abel requests his attorney to establish a dummy corporation with $500 of equity. The dummy borrows the $100,000 from the bank and, in turn, lends it to Abel as a nonrecourse loan.
