The word has historically been used along the borderland as a derogatory term to mean lower class Mexican migrants, and in the rest of Latin America to mean an acculturating Indian or peasant. Despite, or because of, its long history of denigrating semantics, the term Cholo was turned on its head and used as a symbol of pride in the context of the ethnic power movements of the 1960s.
Principals have different roles depending on the nature of an individual business, but the universal responsibility of a commercial business principal is significant influence. Some principals are also the founder, owner and CEO. Others own a large portion of company equity and sign off on major decisions.
Business Co-Owners. The ownership interest of co-owners in a business entity is obtained by personal ownership of stock certificates issued by the company. The personal liability of such co-owners is limited to the value of the number and type of stock certificates owned.he Difference Between a Co-Owner and a Partner in Business. Co-owner and partner have different meanings in business and under the law. BananaStock/BananaStock/Getty Images. The terms âco-ownerâ and âpartnerâ differ in a number of ways with respect to the ownership of a business.