Escrow and retention on a sale
Part of the price held back to cover warranty claims.
Every trade has words it uses without explaining. In business the cost of not knowing one is real: some of them are ordinary jargon and some of them are a decision that can take a house.
Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.
Studying business? We write GCSE revision songs, and there is one for business studies. Listen to the revision playlist.
28 terms filed under E, showing 21–28 (page 3 of 3).
Part of the price held back to cover warranty claims.
Environmental, social and governance performance, and the growing obligation to report it.
Also called Termination clause, Notice period, Break clause
How a contract ends. Worth reading before you sign, because it is read at the point when everybody is already unhappy.
Asking people why they are leaving. Useful if somebody acts on the answers.
Getting out of a partnership arrangement. Plan it at the start.
What staff can claim, and how. Prevents both overspending and awkward conversations.
Permission required to export controlled goods, technology or software.
Selling outside the UK, and the paperwork that comes with it.
If there is a word you have been nodding along to, tell us and we will write it up. This library exists because of the questions people were too polite to ask.
Ask us to add a termAccessibility toolkit
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