Examlex
UPS may run the "tightest ship in the shipping business," but they got that high level of efficiency without time standards, because their contract with the Teamsters Union forbids them.
Voluntary Winding Up
The process initiated by a company's shareholders to voluntarily dissolve the company and liquidate its assets for distribution.
Special Resolution
A shareholder resolution that requires at least a 75% majority vote to pass, often related to significant corporate actions.
Preference Shares
Shares that give their holders priority over common stockholders in terms of dividend payments and asset liquidation.
Liquidation
The process of winding up a company's affairs by selling off its assets to pay creditors.
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