Business & Commercial Terms with "L"
Glossary of Business & Commercial - Glossario Società & Commerciale
Glossary of Business & Commercial - Glossario Società & Commerciale
Lien: the right to keep possession of a property until the debt due in respect of it has been paid.
Lien: the right to keep possession of a property until the debt due in respect of it has been paid.
Limited Company (Ltd): a company whose liability is limited to its share capital.
Limited Company (Ltd): a company whose liability is limited to its share capital.
Limited by Guarantee: a company where the liability of the members is limited, usually to £1. They are usually for charitable purposes or clubs.
Limited by Guarantee: a company where the liability of the members is limited, usually to £1. They are usually for charitable purposes or clubs.
Limited Liability Partnership: a special type of partnership regulated by the Limited Liability Partnership Act 2000.
Limited Liability Partnership: a special type of partnership regulated by the Limited Liability Partnership Act 2000.
Liquidation: the process of turning all of a company´s assets into cash, usually done in order to pay off liabilities.
Liquidation: the process of turning all of a company´s assets into cash, usually done in order to pay off liabilities.
Liquidator: the official responsible for paying off the debts of a company.
Liquidator: the official responsible for paying off the debts of a company.
Liquidity Ratio: current Assets, less Stock, divided by Current Liabilities. Because stock, which can be hard to liquidate or overstated in the accounts, is removed from the equation this is a more testing index than Current Ratio.
Liquidity Ratio: current Assets, less Stock, divided by Current Liabilities. Because stock, which can be hard to liquidate or overstated in the accounts, is removed from the equation this is a more testing index than Current Ratio.