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What is the leading cause of economic and social problems in Africa?
Voluntary Administration
A process for insolvent companies to resolve debt issues with creditors through an independent administrator.
Circulating Security Interest
A floating charge over all of a company.
Floating Charge
A security interest over a fluctuating pool of assets, such as inventory or receivables, which allows the borrower to use the assets in the course of business.
Liquidator
A person or entity appointed to wind up the affairs of a company and dispose of its assets in the event of its liquidation.
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