One of the terms heard in business is that of âin liquidationâ and this is a very specific status for a company having direct consequences for creditors Call us free on 0800 862 0800 Menu
uncountable noun. Rationing is the system of limiting the amount of food, water, petrol, or other necessary substances that each person is allowed to have or buy when there is not enough of them. The municipal authorities here are preparing for food rationing.
Health care is a scarce resource, and all scarce resources are rationed in one way or another. In the United States, most health care is privately financed, and so most rationing is by price: you get what you, or your employer, can afford to insure you for. But our current system of employer-financed health insurance exists only because the federal government encouraged it by making the premiums tax deductible.