Examlex
Which of the following has been considered as sufficiently 'exceptional' to justify postponing sale under s335A Insolvency Act 1986 when the application for sale comes more than a year after the bankruptcy?
Short Notice
A term indicating that something is happening or is required to happen with minimal warning or preparation time.
Financial Lease
A type of lease where the lessee essentially rents an asset for most of its useful life and the lease terms closely resemble the conditions of outright ownership.
Long-term
Refers to an extended period of time, typically over one year, used in the context of investments, loans, or planning, indicating a focus on future benefits rather than immediate outcomes.
Maintenance
The tasks and actions taken to preserve or restore equipment, systems, or structures to an operational condition or to prevent failure.
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