REQUISITION Definition

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REQUISITION is a written request to buy something. Usually, once approved, the requisition is then transformed into a purchase order.

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FINANCIAL RESTRUCTURING is a process geared at avoiding the liquidation of the Company. Usually it involves agreement by third parties to satisfy creditors claims under certain terms and conditions. Financial restructuring may also be carried out by concluding an agreement with all creditors of the Company under which creditors will be paid on somewhat different terms than those initially accepted by the Company when credit and loans were extended. This form of financial restructuring enables the Company to continue its operations and minimize creditors' losses. See also RESTRUCTURING.

EATING STOCK is when an underwriter can't find buyers for a stock and therefore has to buy them for his own account.

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