GLOSSARY

Memorandum of Association

Every limited company has a memorandum of association, which determines its name, where its registered office may be situated and what it may do (its objects).

The rules for the conduct of the company's internal affairs are contained in its articles of association. There is a standard form for the articles (in the case of a company limited by shares known as Table A), but this may be modified.

Mortgage

A mortgage is a secured charge for which the lender has stipulated property (real estate) as security.

small firms enterprise development initiative logo for small business development SFEDI endorsed web site
eXTReMe Tracker