Business Terms and Jargon Explained

What is Bankruptcy

This is when an individual is unable to pay his/her debts and the debtors have petitioned a court to serve a bankruptcy order on the individual. An official receiver is appointed to look into the affairs of the individual and their assets are realised and distributed among the debtors. The equivalent course of action for companies is liquidation.

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De novo Vendor Zone
Per quod Time Sheet White-collar worker
Ex post facto Order of committal Paanga
Contributions Agency Option to Tax Drawback
Liquid Assets Lump Sum Distribution European Central Bank - ECB
Quartile Hedge Cuba Clause
Secus Deferment Account Bear Market
Inter partes PIN Prorogation
Institutional Unit Rights Issues Writ
Transposition - EU Ex works Yo-yo stock
Signature Advantages of Revenue Barrier Warrant
Warrant of arrest Industrial Tax Exemption Intermediate Consumption
Counsel Management Audit Doli incapax

Term created / updated 2005-07-16 23:12:15

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