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What (who) is live shell - definition
FINANCIAL INSTITUTION THAT DOES NOT HAVE A PHYSICAL PRESENCE IN ANY COUNTRY
Shell banks; Shell Bank; Shell Banks; Shell banking
bandshell
![Centreville High School]]. Behind the orchestra is a simple shell.](https://commons.wikimedia.org/wiki/Special:FilePath/Lake Braddock Symphony Orchestra.JPG?width=200 "Centreville High School]]. Behind the orchestra is a simple shell.")
THEATER
Bandshell; Band shell; Orchestra shell; Acoustical shell; Sound shell
¦ noun chiefly N. Amer. a bandstand in the form of a large concave shell with special acoustic properties.
shell company
COMPANY WITH FEW, IF ANY, ACTUAL ASSETS OR OPERATIONS
Shell company; Shell (company); Shell companies; Shell organization; Shell corporations; Artificial legal entity; Shell Company; Corporate shell; Shell (corporation); Empty shell (securities fraud); Empty shell (corporation); Corporate shells; Ghost company; Shell firm
A shell company is a company that another company takes over in order to use its name to gain an advantage. (BUSINESS)
N-COUNT
Shell corporation
COMPANY WITH FEW, IF ANY, ACTUAL ASSETS OR OPERATIONS
Shell company; Shell (company); Shell companies; Shell organization; Shell corporations; Artificial legal entity; Shell Company; Corporate shell; Shell (corporation); Empty shell (securities fraud); Empty shell (corporation); Corporate shells; Ghost company; Shell firm
A shell corporation is a company or corporation that exists only on paper and has no office and no employees, but may have a bank account or may hold passive investments or be the registered owner of assets, such as intellectual property, or ships. Shell companies may be registered to the address of a company that provides a service setting up shell companies, and which may act as the agent for receipt of legal correspondence (such as an accountant or lawyer).
Wikipedia
Shell bank
A shell bank is a financial institution that does not have a physical presence in any country. In order to prevent money laundering, Subtitle A of the USA PATRIOT Act specifically prohibits such institutions, with the exception of shell banks that are affiliate (under the control) of a bank that has a physical presence in the U.S. or if the foreign shell bank is subject to supervision by a banking authority in the non-U.S. country regulating the affiliated depository institution, credit union, or foreign bank.
Examples of use of live shell
1. The unit is expected to stage a live shell firing drill prior to the start of the war exercises.
2. Pyongyang, May 21 (KCNA) –– The U.S. imperialists and the south Korean puppets announced that they would stage a provocative joint live shell firing exercise at the U.S. combined firing range in Phochon, Kyonggi Province on May 22.
3. The south Korean war–thirsty forces openly declared that they would mobilize two destroyers, a submarine, a sea patrol plane and an anti–submarine helicopter, etc. belonging to the puppet navy in the U.S.–led joint military exercise and participate in a live shell firing drill.
4. Pyongyang, June 4 (KCNA) –– The recent live shell firing exercise of new type weapons staged by the U.S. trigger–happy forces in the area near the Military Demarcation Line is a deliberate and premeditated military provocation to the DPRK aimed at pushing the situation on the Korean Peninsula to the brink of war though there is a sign of positive development, observes Rodong Sinmun today in a signed commentary.
5. Marines side said that the joint drill that day was intended to train the south Korean Marine Corps in a street battle and the like, adding that its main purpose was to help the units of the marine corps get proficient in the procedures of fighting a battle after being deployed in advance through the exercises for maritime deployment and assembly, exercises for individual and collective deployment before going into actions and joint live shell firing drills.