GLOSSARY

This is a glossary of widely accepted financial & business terms. Terminology can differ, depending on local regulations.

• Administration
• Administrative Receiver
• Administrative Receivership
• Administrator
• Bailiff
• Bankruptcy
• Bond
• Charging Order
• Companies House
• Company Directors’ Disqualification Act 1986
• Company Voluntary Arrangement (CVA)
• Compulsory Liquidation
• County Court Judgement (CCJ)
• Creditor
• Creditors Committee
• Creditors’ Voluntary Liquidation
• Debenture
• Debtor
• Declaration of solvency
• Disqualification
• Dissolution
• Distraint
• Dividend or Distribution
• Fixed Charge
• Floating Charge
• Fraudulent Trading
• Individual Voluntary Arrangement (IVA)
• Insolvency Act 1986
• Insolvency Practitioner or Licensed Insolvency Practitioner
• Insolvent Liquidation
• Licence Holder
• Lien
• Liquidation
• Liquidation Committee
• Liquidator
• Members’ Voluntary Liquidation
• Misfeasance
• Moratorium
• Official Receiver
• Partnership Voluntary Arrangement (PVA)
• Petition
• Preference
• Preferential Creditor
• Proof of Debt
• Proxy Form
• Reservation of Title
• Secured Creditor
• Shadow Director
• Statement of Affairs
• Statutory Demand
• Summons
• Transaction at an Undervalue
• Trustee in Bankruptcy
• Unsecured Creditor
• Walking Possession
• Winding Up
• Writ
• Wrongful Trading