Director remuneration
Pay and benefits received by a director for their work, including salary, fees, bonuses or other approved payments.
Related terms
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Liabilities
Amounts a person or business owes or may be required to pay, including loans, taxes, trade debts, guarantees and other obligations.
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Debit balance
An account balance showing money is owed from that account. In a director’s loan account, it commonly means the director owes money to the company.
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Distributable reserves
Profits legally available for a company to pay dividends. Paying dividends without sufficient distributable reserves can create repayment and director-liability issues.
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