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Ordinary Resolution: used for increasing authorised capital, making a bonus issue, subdividing shares, removing auditor or Director. All other resolutions are extraordinary or special – a decision reached by a simple majority (more than 50%) of company members voting in person or by proxy.

Operating Profit: indicates the profit and loss arising from core business activities. The figure is pre-tax profit plus Interest paid minus non trading income.

Ordinary Share: the most usual form of share capital. They carry the highest risk and rank last in line in the event of a liquidation.

Overdraft: short term outstanding amount on the current account at the bank. A current liability.