10 : Extortionate Credit Transactions :

This is a transaction that can be attacked by a Liquidator. It is where credit is provided at rates that are grossly unfair when considering the level of risk that the creditor is subject to.

Click on the word or phrase to find a straightforward explanation rather than the exact legal definition.

Jargon Selection Associates Charging Order Company Voluntary Agreement (CVA) Composition Compulsory Liquidation Connected Party Cover Schedule (aka Bond) Creditor Creditors' Committee Directors Disqualification Extortionate Credit Transactions Insolvency Insolvency Practitioner (IP) Liquidator Moratorium Nominee Office Holder Official Receiver (OR) Preference Proxy Proxyholder Statutory Demand Supervisor Transaction at an Undervalue

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