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Glossary of Credit Management Terms. Letter
T
Take over:
An offer by one company to another, for a
large proportion or all of its shares, to bring it under control.
The offer sometimes consists of a proportionate number of its own
shares, together with a cash payment per share, in exchange.
Technically insolvent:
Where a company has a deficit of shareholders
funds but can have a positive working capital or long-term borrowings
allowing it to continue trading.
Terms of Trade/ Terms and Conditions:
The contractual terms, usually in writing,
upon which goods are sold and services supplied. Also known as Conditions
of Sale.
Third party debt order:
A legal proceeding to recover money that
is owed to the debtor by some third party.
Total assets:
A total of the current and fixed assets.
Trade creditors & accruals:
Amounts currently owing for goods or services
received, whether invoiced or not.
Trading address:
The address of the company where business
is carried out if different from the registered office and where
the company’s assets are likely to be found.
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