Key Words Flashcards
1
Q
Bik
A
Benefit in Kind
Non financial form of pay
2
Q
Equity capital
A
The share of the profit called divedend that investors get
3
Q
Ultra Vires
A
Company director acting beyond there legal power
4
Q
Invitation to threat
A
Price tag is not an offer Its an invitation to threat
5
Q
Binding arbitration
A
Both party’s agree in advance that they will accept the ruling
6
Q
Caveat emptor
A
Let the buyer beware
7
Q
Commercial practices
A
Cover general dealings between consumers and businesses
