Glossary
- 3rd F
- Advisor
- BA
- Balance Sheet
- BAN
- Barrier to Entry
- BP
- Business Angel
- Business Angel Network
- Business Plan
- Business Thumbnail
- Carbon Reduction Commitment
- Cash Flow Forecast
- Coach
- Conditions Precedent
- Copyright
- Corporate Social Responsibility
- CRC
- CSR
- DD
- Director
- Disclosure Letter
- Due Diligence
- Early-stage
- EIS
- Enterprise Investment Scheme
- Entrepreneur
- Equity
- Executive Summary
- Exit Multiple
- Expansion
- Family, Friends and Fools
- FFF
- Founder
- Gross Value Add
- GVA
- High Net Worth
- HM Revenue and Customs
- HMRC
- HNW
- IM
- Incubator
- Information Memorandum
- Intellectual Property
- Internal Rate of Return
- Investor
- Investor Ready
- IP
- IR
- IRR
- Loan
- Long Term Incentive Plan
- LTIP
- Management Buy In
- Management Buy Out
- MBI
- MBO
- Memorandum of Association
- Memorandum of Understanding
- Mentor
- MoA
- Money laundering
- MoU
- National Minimum Wage
- NED
- Neo Linguistic Programming
- NLP
- NMW
- Nomad
- Nominated Adviser
- Non-Executive Director
- Offer Letter
- Patent
- Payment in Lieu of Notice
- PILON
- Positive Ratchet Clause
- Pre-start
- Preference Shares
- Principles
- Profit and Loss
- Ratchet
- Risk Premium
- Sales of Goods Act
- Shadow Director
- Shareholder Agreement
- Shares
- Small or Medium Enterprise
- SME
- SME
- SoGA
- Sophisticated Investor
- Start-up
- Sweat Equity
- Total Shareholder Return
- Trade secret
- Trademark
- TSR
- Unique Perceived Benefit
- Unique Selling Proposition
- UPB
- USP
- Warranty
- White Meeting
Data Protection Act (DPA)
The Data Protection Act gives individuals the right to know what information is held about them. It provides a framework to ensure that personal information is handled properly.
The Act works in two ways. Firstly, it states that anyone who processes personal information must comply with eight principles, which make sure that personal information is:
- Fairly and lawfully processed
- Processed for limited purposes
- Adequate, relevant and not excessive
- Accurate and up to date
- Not kept for longer than is necessary
- Processed in line with your rights
- Secure
- Not transferred to other countries without adequate protection
The second area covered by the Act provides individuals with important rights, including the right to find out what personal information is held on computer and most paper records.
Should an individual or organisation feel they're being denied access to personal information they're entitled to, or feel their information has not been handled according to the eight principles, they can contact the Information Commissioner's Office for help. Complaints are usually dealt with informally, but if this isn't possible, enforcement action can be taken.
For more information, select this outbound link to Data Protection Act.



