Company voluntary arrangement and Discharge: Difference between pages

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''UK insolvency law.''
1.  ''Law.''


(CVA).
Release from an obligation, debt or liability.


An agreement between a company and its creditors concerning the payment of its debts under the provisions of UK insolvency law.


The CVA may be initiated by the directors, the administrator or the liquidator of a company. If agreed to, it involves claims being settled at a given percentage of the full liability, with a view to the company surviving thereafter.  
2.  ''Law - contract.''
 
Abbreviation for discharge of contract.
 
 
3.  ''Duties and responsibilities.''
 
Carrying out any duty or responsibilities.
 
For example, financial reporting seeks - among other purposes - to provide information about how efficiently and effectively management has discharged its responsibilities to use the reporting entity's economic resources.




== See also ==
== See also ==
* [[Administrator]]
* [[Collection]]
* [[Insolvency]]
* [[Contract]]
* [[Insolvency practitioner]]
* [[Debt]]
* [[Liquidator]]
* [[Disbursement]]
* [[Discharge of contract]]
* [[Duty]]
* [[Financial reporting]]
* [[Law]]
* [[Liabilities]]
* [[Obligation]]
* [[Payment]]
* [[Persons discharging managerial responsibility]]
* [[Remittance]]
* [[Reporting entity]]


[[Category:Compliance_and_audit]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Long_term_funding]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]
[[Category:Trade_finance]]

Latest revision as of 17:27, 2 October 2022

1. Law.

Release from an obligation, debt or liability.


2. Law - contract.

Abbreviation for discharge of contract.


3. Duties and responsibilities.

Carrying out any duty or responsibilities.

For example, financial reporting seeks - among other purposes - to provide information about how efficiently and effectively management has discharged its responsibilities to use the reporting entity's economic resources.


See also