The financial institution then assumes the risk while collecting what is owed to the first company.

Other debts - known as 'charges' - that were owed to the company and secured over your property will also be passed to the Crown.

Under Bermuda law, this duty is owed to the company, not to shareholders.

I owe it to the good company and the perfect beverage.

If a layoff is imminent, do those employees who know that they are safe owe any loyalty to the company?

Charges refer to other debts that were owed to the company and secured over your property.

Also, he was not always able to collect money owed to the company.

It said he owed $2.1 million to the company.

The amount of money owed to the company by its customers climbed rapidly, to more than $1.5 billion at the end of 1988.

Of that amount, not all of it is owed to the company.