In the UK, a company whose owners have unlimited liability, e.g. if the company goes into liquidation the owners are required to raise the funds to pay the company’s debts.

The obligation of a company’s owners or partners to pay all the company’s debts, even if personal assets have to be used.

Refers to company whose shares are not traded on the Stock Exchange.

Also known as a Wildcat Strike. A form of industrial action which does not have the approval or permission of a trade union.

Not governed or controlled by laws or rules.

Not requested or invited, for example junk mail.

Also called Residual Risk. The risk that can affect a company’s share prices, production, etc., such as a sudden strike by employees.

On a computer, to return files to their original size after they have been compressed.

To transfer data or programs from a smaller computer, camera, etc., or a computer at a remote location, to a larger computer system.

A sales technique in which the salesperson tries to persuade the customer to purchase more expensive and/or more goods than they originally intended.