Business Terms and Jargon Explained

What is Locked box

When buying a business it is important that the buyer and seller agree and specify the assets and liabilities that will be taken on by the buyer. Called a locked box so there is no surprise liabilities in the future.

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Quantum Certificate of Incorporation Consensus
Lifo Arbitrator or Arbitration Taxation of costs
LAN NVR Out of Box
Autoresponder Directors Guarantee Letter Safe
County Court Judgement Monopoly Commission
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Committal proceedings Jus Logical Bomb
Quid pro quo Know your client SEMEA
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Manufacturing cell Whistleblower General lien
Off Balance Sheet Nominee DVD
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Next of kin Sub modo Current Liability

Term created / updated 2014-06-16 14:43:35

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