Eligible = legal, able or allowed to do something Ex: All shareholders are eligible to vote the Annual General Meeting.

Valid = being acceptable, because it is true or relevant Ex: When he was asked to explain his actions, he had no valid explanations. Intangible = difficult to value as it is does not exist physically Ex: Goodwill is one of the companys intangible assets, and as such cannot be declared as part of the companys capital. Admissible = acceptable, referring to evidence which a court will allow to be used Ex: The documents produced were not considered relevant to the case and were therefore not admissible. Fiduciary = trustful, acting as trustee for someone else, or being in a position of trust Ex: A company director has a fiduciary duty to the company he works for and the people who work there. Unprecedented = no having happened before Ex: At the trial, the judge took the unprecedented step of asking the claimant to remove his shirt. Irreconcilable = very strong, so that is not possible for two sides to reach an agreement Ex: The judge accepted that X could not go back to work in the same company because of irreconcilable differences opinion between him and the directors. Unanimous = where everyone votes the same way Ex: The magazine was acquitted if libel when the jury returned unanimous verdict not guilty. Gross = serious Ex: The rail company was accused of gross negligence by failing to ensure passeng ers safety.

Accountable = responsible for what had happened Ex: When pieces of broken glass were found in dome of its products, the company was held accountable. Void = null, not having any legal effect Ex: The company solicitor examined the contract very carefully, and eventually declared it void. Impartial = not biased or prejudiced Ex: The sacked workers claimed unfair dismissal, and demanded a fair and impartial hearing Deductible = able to removed Ex: Interest changes are tax deductible so we havent made as much as we had hoped. Insolvent = no able to pay debts Ex: After a terrible year, during which it lost almost 8 million, the company was declared insolvent. Pecuniary = financial Ex: He was accused of trying to obtain a pecuniary advantage by getting involved in insider dealing.

Occupational = referring to jobs and work Mandatory = obligatory or necessary according to the law or rules Exempt = not required to pay, or not covered by law Negotiable = able to be changed by discussion Verbatim = in the exact words Unconditional = with no condition attached Fraudulent = not honest, aiming ti deceive people for financial gain Feasible = possible or practical Redundant = no longer needed or valid Habitual = doing something repeatedly Solvent = having enough money to pay debts Material = important, relevant Nominal = a very small amount Corporate = referring to a company Open-ended = with no fixed period, or with some items not specified Litigious = very willing to bring a lawsuit against someone to settle a disagreement