Understanding disc osteophyte complex. Disc osteophyte complex occurs when more than one spinal vertebra or intervertebral disc is affected by osteophytes, which are more commonly referred to as bone spurs.
Undercapitalization is a situation in which a business has insufficient funds, or capital, to support its operations. Although undercapitalization can affect any business, it is particularly common and problematic for small businesses. In fact, undercapitalization is one of the warning signs of major financial trouble for small businesses, as well as a significant cause of small business failures.
Under-capitalization is often a result of improper financial planning. However, a viable business may have difficulty raising sufficient capital during an economic downturn or in a country that imposes artificial constraints on capital investment. There are several different causes of undercapitalization, including: 1  Financing growth with short-term capital, rather than permanent capital. 2  Failing to secure an adequate bank loan at a critical time. 3  Failing to obtain insurance against predictable business risks. 4  Adverse macroeconomic conditions.