Glossary
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This glossary will help to understand some of the more technical terms
Browse the glossary using this index
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B
Board meetingA meeting of the board of
directors of a company at which the policy of the company and major decisions
as to its future actions are discussed. | |
Breach of covenantA breach of a clause in a lease. This could be breaking an obligation or a prohibition that is spelt out in the lease. A classic example is a covenant for a leaseholder to pay a service charge towards exterior maintenance. | |