IOU is an informal debt instrument in the form of a written promise to pay back money owed; e.g., personal loans and professional services.
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.
MARGINAL REVENUE is the change in total revenue as a result of producing one additional unit of output.
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