AUTHORITATIVE PRONOUNCEMENT is a formal declaration of opinion sanctioned by established authority.
RECEIVERSHIP is equitable remedy whereby a court orders property placed under the control of a RECEIVER so that it may be preserved for the benefit of affected parties. A failing company may be placed in receivership in an action brought by its creditors. The business is often continued but is subject to the receivers control. See also BANKRUPTCY.
CVP see COST-VOLUME-PROFIT ANALYSIS.
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