Business Terms and Jargon Explained

What is Bankrupt

Insolvent - unable to pay creditors and having all goods/effects administered by a liquidator or trustee and sold for the benefit of those creditors; as a result of an order under the Insolvency Act 1986.

Crown Copyright. Material taken from Her Majesty's Courts Service (HMCS) website. Reproduced under the terms and conditions of the Click-Use Licence.

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Principal trade Credit Institution XR
Faciendum Compensation order Discount received
Billion Quorum Corporate Officers
Unemployed Gross interest Trial contents
Network Address Translation - NAT Late Registration Penalty Land Registry
Lempira e-company Norwich Pharmacal orders
Supply Chain HM Customs and Excise Closure Formal
Gratuitous Capital Goods Scheme MD5
N215 Civil Court form Fiat money Vexatious Litigant
Exhibit Legal Services Ombudsman JCCC
Doli incapax Oversubscribed GZIP
Insider lending Intra Vire Rand

Term created / updated 2008-06-12 12:03:24

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