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What Is an FRU

question 37

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What is an FRU?


Definitions:

Execute a Document

The act of signing a document or contract officially, thereby making it legally binding.

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.

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