Variation, Deed of
An arrangement whereby selected provisions of a will may be varied by consent of the beneficiaries.
VAT Bad Debt Relief
The relief obtained in respect of the VAT element of an unpaid debt. Previously available only when the debtor became insolvent, relief is now available on any debt unpaid for more than 6 months.
Another name for the seller of a property.
Right to immediate or future entitlement.
The legal liability imposed on one person for wrongs committed by another, although the person made vicariously liable is not personally at fault.
The placing of the company into liquidation by resolution of the members.