Business Terms and Jargon Explained

What is LCP

Tax Definition:-

Local Clearance Procedure - a simplified procedure involving pre-shipment notification to the Customs Handling of Import and Export Freight (CHIEF) system, and entry in commercial records. A subsequent submission of a supplementary declaration to CHIEF is required within a specified period.

Crown Copyright. Material taken from HM Revenue & Customs. Reproduced under the terms and conditions of the Click-Use Licence.

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Net worth LAN Economically Inactive
Bonded Goods Mission statement IOU
Zombie Fund Earned income Tentative Trust
Installment Price gouging Security for Loans
Covenant Residential property Employees
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BIS Institutional Capacity Proof of Concept
TQ Zaire Keyman / keywoman insurance
Contingent Discount Forfeiture Overgeared
Big Four Allowable expenses Year end dividend
Open court Notice board terms of use Committal for sentence
Team player Boil the ocean Flash
Doli incapax Just in Time (JIT) Jobber

Term created / updated 2006-11-12 15:38:35

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