consolidation

Definition:

1. Preparation of consolidated accounts. 2. Treatment of the share capital of a company as no longer represented by separate shares. 3. Another term for ‘uniting of interests’. 4. Insistence by a creditor who is owed two separate debts by one debtor, secured by two separate charges, that neither charge will come to an end until both debts are paid. 5. Preparation of a consolidation Act.



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