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DEBTENTURE
A document stating the terms of a loan, usually to a company. Debentures may be secured on part or all of a company's assets, or they may be unsecured. Often also referred to as a floating charge, and the lender is often referred to as the debenture holder.
DEED OF ARRANGEMENT
Method for an individual (not a company) to come to terms with creditors short of formal bankruptcy, it has now been almost completely replaced by Individual Voluntary Arrangements.
DISQUALIFICATION OF DIRECTORS
A director found to have conducted the affairs of an insolvent company in an "unfit" manner may be disqualified, on application to the court by the DTI, from holding any management position in a company for between 2 and 15 years.
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If you can't find the term you would like more information about or you have a question you can reach us on our contact page or on 0800 071 1616.
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