Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Involuntary Cessatio

Terms to know for involuntary cessation

CESSATION A ceasing or ending. Business Cessation means the business stops or ceases operations.
Voluntary Done or undertaken by one's own free will. Voluntary cessation means the business owners choose to stop operating.
Involuntary An act done against one's will. Involuntary cessation means the owners are forced to stop operating.
Financial hardship Difficulties in maintaining income usually with rising debt. Mosts business experience involuntary cessation due to financial hardship.
Liquidation The processing of paying as much debt as possible by selling of assets. Involuntary cessation means creditors (groups or individuals the business owes money to) will force them to sell of assets to pay their debt.
Receivership When a business undergoes liquidation receivers are appointed by law to manage the money that is made from the sale of assets to pay of debt.
Bankruptcy When a business is declared by a court to be financially ruined, ie. they must undergo the liquidation process, receivers are appointed to manage any funds made from the sale of assets to pay their creditors.
Insolvency The condition of being bankrupt.
Created by: jfay2013