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TRANSACTION AT UNDERVALUE
A transaction at an undervalue can describe either a gift or a transaction in which the consideration received is significantly less than that given. In certain circumstances such a transaction can be challenged by an administrator, a liquidator or a trustee in bankruptcy.
TRUSTEE
- either
- in bankruptcy - the authorised insolvency practitioner appointed to deal with the estate of the bankrupt;
- or
- under a deed of arrangement - the authorised insolvency practitioner appointed to deal with the estate of the person who entered into the deed.
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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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