Credit management advice The A to Z glossary of credit keywords
The A to Z Glossary of Credit Keywords
There are 166 entries in this glossary.T
| Term | Definition |
|---|---|
| Take over: |
An offer by one company to another, for a large proportion or all of its shares, to bring it under control. The offer sometimes consists of a proportionate number of its own shares, together with a cash payment per share, in exchange. |
| Technically insolvent |
Where a company has a deficit of shareholders funds but can have a positive working capital or long-term borrowings allowing it to continue trading. |
| Terms of Trade/ Terms and Conditions |
The contractual terms, usually in writing, upon which goods are sold and services supplied. Also known as Conditions of Sale. |
| Third party debt order |
A legal proceeding to recover money that is owed to the debtor by some third party. |
| Total assets |
A total of the current and fixed assets. |
| Trade creditors & accruals |
Amounts currently owing for goods or services received, whether invoiced or not. |
| Trading address |
The address of the company where business is carried out if different from the registered office and where the company's assets are likely to be found. |
