Business Terms and Jargon Explained

What is Workout

When a company is in debt and has financial difficulty the creditor agrees to accept a lesser amount in full payment rather than make the company go bankrupt. This is of benefit to them, as they will receive less in these circumstances.

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MENA Zero rated Licensed Premises
Functionality Financial Conglomerate Holdover Tenancy
Transfer of Shares Bare trust TOMS
OTR Accounting reference date Verbatim
Annul Dissolution Balancing Charge
Retail price Codicil Contingent Discount
Petty Cash Domicile of origin Barrister
Free Trade Alibi Xerox
Ancillary relief Procureur Line Manager
Liquidity Anointed Interest rate risk
Fallen Angels AMOGA Give as you earn (GAYE)
Copyright Tribunal Asset Allocation Tax Shift
NAIRU Hexadecimal Financial Intermediary

Term created / updated 2006-10-31 00:52:04

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