These terms are used in in various auction houses. Be sure to get familier with them to avoid costly mistakes
When Gordon Brown, the Chancellor of the Exchequer, made his first budget speech back in 1997 he announced that as part of the New Labour government's strategy for increasing revenue without increasing tax a vast array of redundant government-owned assets would be sold.
The Treasury swallows £10bn every year from unclaimed estates and some of it could be yours. We investigate how teams of heir hunters track down the owners of this money...
With the sheer amount of CDs for sale on eBay there are always bound to be a fair few which are not what the inexperienced buyer is expecting.
The Proceeds of Crime Act 2002 is a piece of legalisation which gives officers the power to seize cash and recover cars, houses and other assets from criminals.
Under the Proceeds of Crime Act goods of criminals are seized and sold to raise funds
Some debt collection agencies will threaten to send somebody to your home unless you pay. These are not bailiffs and they have no legal power so you can ignore them. If they threaten you call the police.