Latin for ‘Beyond The Powers’. Legal term which refers to actions or deeds, especially performed by a corporation, that exceed official powers.

A complete agreement on a decision or opinion by everyone in a group.

Without official endorsement or permission.

Dividing a company into separate companies, usually after a takeover, in order to sell some or all of the subsidiaries. Supplying a product, service or equipment in separate components.

The value of shares which have been issued by a company but which have not yet been paid for by the shareholders.

Describes subsidiary companies whose financial statements, shares, etc., are not included in the parent company’s finances.

Without opposition or competition. A lawsuit which is not disputed by the person against whom it has been filed.

To sell a product, service, etc., cheaper than the competition.

Describes a company, business, etc., which does not have enough workers to function properly. Understaffed.

To fall short of reaching a goal or target.