Home > Blossary: Financial contracts
Financial contracts terms and definitions glossary

Category: Law

12 Terms

Created by: Bagar

Number of Blossarys: 64

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A tax on transactions. Only applied to specific types of transactions eg dealings in land and buildings, shares and ships.

Domain: Law; Category: Contracts

Payments or actions ordered by the court as settlement of a dispute. The most common is damages (a payment of money). Others include specific performance (of an action required in the contract), ...

Domain: Law; Category: Contracts

Where a company issues shares on terms stating that they can be bought back by the company. Not all shares can be redeemed, only those stated to be redeemable when they were issued. The payment for ...

Domain: Law; Category: Contracts

The appointment of a licensed insolvency practitioner to take over the running of a company. A creditor with a secured debt appoints the receiver. The job of the receiver is to recover the debt ...

Domain: Law; Category: Contracts

The formal breaking up of a company or partnership by realising (selling or transferring to pay a debt) the assets of the business. This usually happens when the business is insolvent, but a solvent ...

Domain: Law; Category: Contracts

The situation where a person or business cannot pay its debts as they fall due (see bankruptcy, liquidation and receivership).

Domain: Law; Category: Contracts

A promise by a third party to pay a debt owed, or repay a loss caused, by another party. Unlike a guarantee, the person owed can get the money direct from the indemnifier without having to chase the ...

Domain: Law; Category: Contracts

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