Examlex
An example of division of labor by geographic area is:
Members' Voluntary Winding Up
A process initiated by the shareholders of a solvent company to voluntarily dissolve and liquidate its assets under the supervision of a liquidator.
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.
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