Examlex
One of the advantages of grid computing is:
External Administration
External administration pertains to a process where an external person or entity is appointed to investigate, manage, and potentially restructure a financially distressed company's affairs to recover debts.
Corporation Act
Legislation governing the legal formation, operation, and regulation of companies.
Members' Voluntary Winding Up
A process in corporate law where the shareholders of a solvent company decide to put the company into liquidation and distribute its assets.
Declaration of Solvency
A statement made by the directors of a company declaring that they have assessed the company's financial situation and believe it can meet its financial obligations for the foreseeable future.
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