1 Hourglass: Torso and hips are approximately the same width - with waist definition.  Apple: Torso and upper body wider than your hips - with little or no waist definition. You might have weight surrounding your waist.
From a legal point of view, a merger is a legal consolidation of two entities into one entity, whereas an acquisition occurs when one entity takes ownership of another entity's stock, equity interests or assets.
Definition of understanding for Students. 1  1 : ability to get the meaning of and judge He lacks an understanding of what's going on. 2  2 : an agreement of opinion or feeling We've come to an understanding about how to proceed. 3  3 : a willingness to show kind or favorable feelings toward others.