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Amalgamation

Amalgamation

noun

Two or more companies combining.

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For example

The two companies decided to join together via amaglamation.

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For Commercial law

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Other useful terms:

Company secretary

A person appointed by the directors of a company who is responsible for making sure that the company complies with the Companies Acts.

Guarantee company

A company whose members only have to pay the amount they have agreed to contribute, if the company has to be wound up. They do not have to pay in extra money if there is not enough to pay all the company's debts.

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