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Question		Answer
Acquisition start learning		A process of buying one company by another.
Adjustment start learning		to change something slightly, especially to make it more correct, effective, or suitable
Administration order start learning		A decision of the court of justice that formally opens an administration process of an insolvent company.
Asset start learning		Something valuable that can be used to pay for the debts.
Audit start learning		an official inspection of the company's accounts
Auditor start learning		someone whose job is to carry out an official examination of the accounts of a business and to produce a report
Bail start learning		money paid for releasing someone from prison
Bail out start learning		help somebody with problems especially financial
Balance sheet start learning		a statement that shows the value of a company's assets and its debts
Bankruptcy code start learning		american set of rules for dealing with bankruptcy
Bankruptcy court start learning		a special court that deals with situations in which a business or a person becomes unable to pay their debts, and is officially bankrupt
Board of directors start learning		group of people elected for governing a company or organization
Capital reserve start learning		an amount of money that a company or organization keeps in a special account for future needs
Catch someone unawares start learning		to surprise someone
Chairman start learning		person in charge of a meeting of the board
Collapse start learning		to fall down suddenly because of pressure or having no strength or support
Collateral start learning		An item of value that is pledged to guarantee repayment of a loan
Commencement start learning		Synonym – beginning, start
Compensation start learning		Money given to someone in order to make up for a loss, a damage etc...
Consumer price index start learning		A list of the prices of some ordinary goods and services which shows how much these prices change each month
Credit rating start learning		A tool that banks and financial service providers use to assess how likely you are to be able to honour your debt
Creditor start learning		it is a person or a company to whom money is owed to
Debt relief start learning		when bank or a government tells a person, a company, or a government that they do not have to pay back the money they owe
Debtor start learning		Someone who owes money; sometimes called "borrower".
Deduction start learning		It is an amount of money calculated and subtracted from a total.
Default on payment start learning		Failure to make a loan payment or other monetary obligation at a proper time.
Deterioration start learning		It is a constant process of becoming worse
Dissolution start learning		the last stage of liquidation, the process by which a company (or part of a company) is brought to and end.
Dissolve start learning		to end an official organization or a legal arrangement
Distraint start learning		to take and sell property from someone who owes you money in order to pay back their debt
Downturn start learning		a decline in economic or business activity
Draw on start learning		start using a supply of something
Due diligence start learning		Action which is reasonable to be taken in order to secure their property or any other asset.
Expenditure start learning		the amount of money spent
foreclosure start learning		is a legal process in which a lender takes back property that was bought with borrowed money because the money was not being paid back as agreed
Go under start learning		fail financially and stop operating
Going into administration start learning		process, in which your company is being taken under the management of a court appointed
administrator start learning		who must be a licensed insolvency practitioner
Invoice finance start learning		general term used to describe the process of selling invoices for a percentage of their value.
inheritable start learning		capable of being transmitted by heredity from one generation to a later one
Insolvency start learning		dition in which a company doesn't have enough money to pay debts, buy goods etc.
Insurance start learning		It is an agreement with a company to provide compensation for specified loss.
Intangible assets start learning		something valuable that a company has that is not material, such as a good reputation
Knock-down price start learning		A price that is very low; very cheap.
Lease start learning		To make a legal agreement by which money is paid for using a building, a vehicle, land, or a piece of equipment for a stated period of time.
Lender start learning		institution or a person that lends money
Lessee start learning		person who pays to use property owned by someone else
Liability start learning		something that you owe to somebody, i.e. a mortgage, loan payment credit/store cards.
Liquidation start learning		the process of closing a business, so that its assets can be sold to pay its debts
Liquidator start learning		A person in charge of closing a company.
loophole start learning		It is a small mistake in legal system or in an agreement. People exploit loopholes in order to do something that would be otherwise illegal.
Management start learning		Managpeople who are in control of a company or an organizationement
Moratorium start learning		legally authorized period of delay in the performance of a legal obligation or the payment of a debt
Non-core activities start learning		activity which is not the main revenue source of the business
Outstanding debt start learning		a debt that has not yet been repaid in full
over-reliance start learning		too much dependence on something
Overwhelmingly start learning		absolutely, definitely or extraordinarily
Payable start learning		required or able to be paid.
Petition start learning		to make an appeal to an authority
Preferential creditor start learning		Is an individual or organization that has priority in being paid the money it is owed if the debtor declares bankruptcy
Principle start learning		An idea which is used as a basis for a system of belief.
Proceeds start learning		Cash received from a sale or a particular activity, after all expenses and taxes are deducted.
Reassemble start learning		to rebuild something; to bring something together by joining its parts
Reliance start learning		it means trust or dependence.
Repayment start learning		the act of repaying someone or something
Reservations start learning		Having second thoughts. Having doubts
Residual assets start learning		assets after all secured obligations have been paid. (assets that remain after sufficient assets are dedicated to meet all senior debt holders' claims in full).
Restructure start learning		to change the organisation of something
Risk management start learning		process of identifying threats and taking actions to counter those threats
ruling start learning		It is an official decision or statement made by a judge or court
Scope start learning		the relevant area of something
Secured creditor start learning		an organization that has lent money under an agreement that they can take particular assets from the borrower if the money is not paid back
Severance start learning		Money paid for the last time by employer to an employee whose job is going to an end.; a termination of something, for example dissolution of an employment contract.
Statutory accounts start learning		set of financial reports prepared at the end of each financial year
Strike off start learning		is a process by which a company is removed from the register and dissolved
Student loan start learning		Special type of loan, which helps students with paying up for their tuition, books and supplies, and living expenses and other fees.
Subsidiary start learning		a company that is owned by a larger company
surplus start learning		It is an amount that is more than is needed
Takeover start learning		term used to define taking control by using force
Timber start learning		trees that are grown so that the wood from them can be used for building
to assess start learning		-to judge something based on a certain set of information; to estimate
to go under start learning		to go into liquidation; to stop operating (as a company);
To sell off start learning		a sale of a business, particular assets, etc. at a low price to encourage someone to buy it; or a sale of an investment, such as shares in a company, that causes its value to fall
Trademark start learning		symbol placed by a producer on the goods made by it, referring to the producer, composed of words, drawings or numbers, etc.
Trustee start learning		is a person appointed to represent the debtor's estate in a bankruptcy proceeding.
Unawares start learning		suddenly and unexpectedly without any warning
Venture start learning		a new activity, usually in business, that involves risk or uncertainty
Ward off start learning		to prevent someone or something from happening or affecting someone
Warehouse start learning		commercial building of company used for storing things before they are sold or used
Winding- up start learning		Closing a business, investment. Liquidation of a company
Withhold start learning		to keep something back, suppress or hide
Working capital start learning		The money needed to run a business from day to day
Write off start learning		To officially say, that someone doesn't have to pay an amount of money they owe

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