operate
verb

to be in force

Examples
  • The new terms of service will operate from January 1st.

  • The rules operate on inland postal services only.

"...the company gets valuable restaurant locations which will be converted to the family-style restaurant chain that it operates and franchises throughout most parts of the US" [Fortune]

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classical system of corporation tax
New York Stock Exchange (NYSE)
sole proprietorship
laissez-faire
Board of Directors (BOD)
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solvency
bill of exchange
impose
Romalpa clause
badges of trade