Business Terms and Jargon Explained

What is Ademption

Ademption happens when property which has been gifted in to someone in a last will and testament is not in the estate’s possession when the testator’s died. This happens when the property has been either destroyed , sold,  stolen or gifted before the testator’s death.

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Arbitrage Authentication Big Hitter
N170 Civil Court form Calculated risk Nominal wage flexibility
Fiscal Territory N9A Civil Court form Adjourn
CNCD Dominium Blue-collar worker
Specified Supplies Judiciary Trustee
Input Tax Baseline Security Annuity
OEIC Negligible Value Group Registration
National Insurance (NI) Shortfall Quaeitur
Lifo GTC Social justice
Variance Justice of the peace SERP
CPEI Customs Duties Loti
Naira Dong Abandon
Tax rebate Buy back Firmware

Term created / updated 2019-10-07 12:21:46

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