Business Terms and Jargon Explained

What is Winding up

This is a process under the Insolvency Act 1986, where a company ceases trading either voluntary or is ordered to by the UK courts. A liquidator would be appointed to disposes of the assets and collect money from the debtors to be distributed to the creditors, employees and shareholders. The company’s liquidation will be recorded at companies’ house on the register.

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Medium of exchange Ipso facto Indicia
CHAPS Net worth Gain Traction
Public Domain Cessate Grant Debtors
Res nulis Prime costs Cash Flow Forecast
EMS Gazundering Warrant of distress
Non-Resident Company Tax Return Joint liability
Probate Double Deflation Public trustee
Grey market Negligible Value Domain name sales agreement
SHA1 Tax Exemption Yearling
Zero rated House agency Capsizing
Admiralty Court Intermediate goods Appropriate systems
Colon - El Salv Signature Net Pay
Liability Altcoin Bankruptcy Order

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

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