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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Unconscionable Petty Cash Excise Duty
Joint liability Encode Exchange rate risk
OATH Closed Economy Pro forma
Special Commissioner Route to the Market Loan
CFR BTI Fixed Cost
Litas Txid Chattel
Invention Discretionary Trust Nominal wage flexibility
Process White Bonnet Payroll
Entitled Destinations DNO Excise Duties
Leu Enterprise Worm
Acquirer APACS Mitigating
Venture Capital Togrog Credit Note
Credit Scoring Credit limit Overrule

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

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