Terminally Ill
You're gonna die. Well, we all are. But if you're deemed to be terminally ill, then the doctors probably know within a month or two of when you'll hit the end of the cul de sac.
The term relats to businesses as well. When a company is terminally ill, it usually means that it can't pay its debts; its operations are declining; it has no prayer of getting out of the hole, so the creditors are just trying to get back as much of their loans as possible, lick their wounds, and move on to another borrower...in hopes that the terminally ill company's failings didn't make lenders loath to take risks on new companies down the line.
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Finance: What is a 1099?0 Views
Finance, a la shmoop. What is a 1099? Well it's a tax form for the rest of us the
non fully employed, the non recipients of crappy health care and benefit plans, the [Man looks shocked at his medical bill]
non recipients of fancy corporate business cards those of us who choose to [Business card for Brett Corporate]
go it on our own as consultants, contractors, day laborers and
independents who self employ under the yoke of many masters trying to make our [A contractors diary]
own little way in the world, yeah. Corporations who hire contractors in
whatever form, must deliver to those contractors a form 1099 which outlines [Corporation giving out 1099s to contractors]
and stipulates the details of the job performed for the contractee. That 1099
is a direct conduit to the IRS holding out their arm to shake your hand and [The form 1099s are sent to the IRS]
then turning it 90 degrees to the right. [IRS's hand out expecting something]
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