The Compendium

Deferred consideration may be payable in a number of ways, including:

• Cash
• Shares
• Loan notes. This is a form of vendor finance or deferred payment, in which the purchaser acts as a borrower, agreeing to make payments to the holder of the transferable loan note at a specified future date.

Deferred Terms

The phrase ‘deferred terms’ is not a term of art, but one which legal practitioners use to refer to consideration that may or will be payable sometime in the future, rather than at completion of the land (business) sale.

Normally it is used in connection with asset and share sales.

Deferred consideration may be payable in a number of ways, including:

• Cash
• Shares
• Loan notes. This is a form of vendor finance or deferred payment, in which the purchaser acts as a borrower, agreeing to make payments to the holder of the transferable loan note at a specified future date.

Defined Contribution Pension

A defined contribution pension creates a pension pot for investors based on how much is paid into it.

It is usually a workplace pension based on the salary of contributors (employees) and how long the contributor has worked for the employer.

[See ‘Money Contribution’ and ‘Personal Pension Scheme’.]

De Jure Director

A ‘De Jure’ director means, a director ‘in law’. This type of director has their details added to the Register of Directors at Companies House.

[See ‘Director’, ‘Register of Directors’ and ‘Companies House’.]