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Financial terms in "Business and Management"

1. compensatory trade

2. short-termism

3. Locus Standi

4. institution or institutional investor

5. NM

6. natural monopoly

7. Simulation

8. maker

9. Extrapolation

10. PMI

11. Compensation Fund

12. Cost Of Living

13. Non-Disclosure

14. distress sale

15. fiduciary

16. Fallen Angel

17. Standard Industrial Classification

18. Autocratic

19. Deregulate

20. Concierge

21. Wholesale Bank

22. procure

23. Maslow's Hierarchy Of Needs

24. UNICAP Rules

25. Residual Value

26. Oligopoly

27. Easterlin Paradox

28. safe

29. Big picture

30. Skunkworks

31. unconditional probability

32. Retail Banking

33. Capital Outlay

34. primary industry

35. beauty contest

36. Net Profit Margin

37. depository trust and clearing corporation

38. CIO

39. Impeach

40. COO

41. Freeware

42. Manager

43. Mondeo Man

44. PLC

45. percentage

46. Outgoings

47. Dog

48. Learning Curve 

49. Corporate restructuring

50. Partnership

51. afford

52. Paper-Pusher

53. development stage enterprise

54. Ponzi Scheme

55. Seminar

56. postdate

57. Presenteeism

58. gross negligence

59. driver

60. officer

61. Sole proprietorship

62. Chief Security Officer (CSO)

63. Socio-Economic Grouping

64. Protocol

65. Receiver

66. Nepotism

67. Windfall

68. part-owner

69. Writ Of Execution

70. consignment note

71. Geek Speak

72. white label product

73. pro rata

74. Personal Allowance

75. Just-In-Time

76. discounted future benefits

77. Yarnstorming

78. Takeover Panel

79. green field investment

80. National Debt

81. Occupational Hazard

82. neglected firm effect

83. Emolument

84. Maverick

85. Meritocracy

86. Cyber Monday

87. Selling Cost

88. Unit Trust

89. Controlling Interest

90. liquidated damages

91. Base 2

92. marketing lever

93. Cost Leader

94. private ownership

95. 360 Degree Thinking

96. Doula

97. Shelf Talker

98. Average Daily Rate

99. Pecking Order

100. Negative Certificate Of Origin

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Featured term of the day

Definition / Meaning of

Bankruptcy Proceedings

Categories: Bankruptcy Assistancelegal, ,

Legal proceedings covered by bankruptcy code. The proceedings could result in liquidation or reorganization of the firm.

The bankruptcy procedure is: a) filing a petition (voluntary or involuntary) to declare a debtor person or business bankrupt, or, under chapter 11 or 13, to allow reorganization or refinancing under a plan to meet the debts of the party unable to meet his/her/its obligations. This petition is supposed to include a schedule of debts, assets and income potential. b) A hearing called "first meeting of creditors" with notice to all known creditors. This is usually brief and the judge assignes the matter to a professional trustee. c) Later the trustee reports and there is a determination of what debts are dischargeable, what assets are exempt, and what payments are possible. d) If there are assets available then the creditors are requested in writing to file a "creditor's claim." e) There may be other hearings, reports, proposals, hearings on claims of fraudulent debts, petitions for removing the stay on foreclosures and other matters. f) The final step is a hearing on discharge of the bankrupt, which wipes out unsecured debts (or a pro rata share of them).

Under chapter 11 and 13 proceedings, the process will be more drawn out and can go on for years as plans are proposed, possibilities of refinancing are considered and, in effect, the debtor tries either to legitimately get out from under his/her/its financial woes or delay while current profits are made and prayers for economic salvation are made.

Most popular terms

1. Likelihood Of Confusion
2. Price-to-earnings Ratio (P/E)
3. Erection All Risks (EAR) Insurance
4. Separate Account Fund
5. Fund Of Funds (FOF)
6. National Highway Traffic Safety Administration (NHTSA)
7. Long-term Care Insurance
8. Sublimit
9. U.S. Treasury Securities
10. Office Of Compliance Inspections And Examinations (OCIE)

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