Banking & Finance Glossary—A
Banking & Finance Glossary—A

The following Banking & Finance practice note provides comprehensive and up to date legal information covering:

  • Banking & Finance Glossary—A
  • ACT
  • Administration
  • Amortisation
  • Appropriation
  • Asset-backed security


Association of Corporate Treasurers.

ACT website


Administration is a procedure under the Insolvency Act 1986 under which a company in financial difficulties is run by an administrator as a going concern prior to the implementation of longer term options such as break-up and sale.


In the context of lending, amortisation refers to the principal amount of the debt being repaid in instalments over the life of the loan. It can be contrasted with a bullet repayment where the principal is paid in one instalment at the end of the life of

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