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A government auction or a public auction is an auction held on behalf of a government in which the property to be auctioned is either property owned by the government or property which is sold under the authority of a court of law or a government agency with similar authority. [1] [2] [3]
The word coalition may be used for a specific government depending on the type of government. In the Netherlands, cabinet is the most-used term (as in "the fourth Balkenende cabinet"). However "coalition" or "government" are also used when one does not refer to a specific coalition (note that the two terms have slightly different meanings).
A government agency or state agency, sometimes an appointed commission, is a permanent or semi-permanent organization in the machinery of government (bureaucracy) that is responsible for the oversight and administration of specific functions, such as an administration. [1] There is a notable variety of agency types.
The most recent one was also the longest, lasting 35 days between December 2018 and January 2019 due to a dispute between then-President Trump and Congress over border security.
Liquidation may either be compulsory (sometimes referred to as a creditors' liquidation or receivership following bankruptcy, which may result in the court creating a "liquidation trust"; or sometimes a court can mandate the appointment of a liquidator e.g. wind-up order in Australia) or voluntary (sometimes referred to as a shareholders ...
A government shutdown results from a failure to finance government expenditures for the upcoming fiscal year. Every year, Congress has to decide how to spend the government’s money, and how to ...
Administration is a procedure to protect a company from its creditors in order for it to be able to make significant operational changes or restructuring so that it could continue as a going concern, or at least in order to achieve a better outcome for creditors than via liquidation.
Companies and other corporations enter into differently named legal insolvency procedures: liquidation and administration (administration order and administrative receivership). However, the term 'bankruptcy' is often used when referring to companies in the media and in general conversation. Bankruptcy in Scotland is referred to as ...