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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Trillion Net income AVTUR
Alibi Your Honour Group Registration
Warehoused Goods Ad Valorem adeem
Invoice Tax Month Turnover
Petty Cash To adjourn PAYE
Profit and Loss Responsibility Tenant Restraint of trade
NVR Shortfall Lek
Shares Business Class Adjourn
Cost per Action To arraign Fiscal Flexibility
Transfer of Shares Leasehold Statement of Account
Win win Vertical integration IANAL
Bullet Loan Non-Status Mortgage Mitigation
Cancellation Period List Price Operating profit

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

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