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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Balance Transfer Concentration ratio Euromarkets
Contributions Agency Leave of the court NAS
Subscribers N379 Civil Court form Warrant of distress
Venire N210 Civil Court form Passing off
EMS Financial Intermediary Out of Box
Unlawful Res Zaire
Penetration Testing Suspended sentence Gold Cordoba
Over Trading Promotion Public Sector
Voluntary Disclosure Quantum meruit FMCG
BIS N6 Civil Court form Bad debt
Ex dividend Hedge Nisi
CTR Win win Volume discount
Restraint of trade Externality Tainted acquittal

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

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