from the term primary (an election that determines a party's candidate for the position in question). Additionally, a by-election in BrE is called a special election in AmE. In AmE, the term swing state, swing county, swing district is used to denote a jurisdiction/constituency where results are expected to be close but crucial to the overall outcome of the general election. In BrE, the term marginal constituency is more often used for the same and swing is more commonly used to refer to how much one party has gained (or lost) an advantage over another compared to the previous election. In the UK, the term government only refers to what is commonly known in America as the executive branch or the particular administration. A local government in the UK is generically referred to as the "council," whereas in the United States, a local government will be generically referred to as the "City" (or county, village, etc., depending on what kind of entity the government serves). Business and finance In financial statements, what is referred to in AmE as revenue or sales is known in BrE as turnover. In AmE, having "high turnover" in a business context would generally carry negative implications, though the precise meaning would differ by industry. A bankrupt firm goes into administration or liquidation in BrE; in AmE it goes bankrupt, or files for Chapter 7 (liquidation) or Chapter 11 (reorganisation). An insolvent individual or partnership goes bankrupt in both BrE and AmE. If a finance company takes possession of a mortgaged property from a debtor, it is called foreclosure in AmE and repossession in BrE. In some limited scenarios, repossession may be used in AmE, but it is much less commonly compared to foreclosure. One common exception in AmE is for automobiles, which are always said to be repossessed. Indeed, an agent who collects these cars for the bank is colloquially known in AmE as a repo man. Employment and recruitment In BrE, the term curriculum vitae (commonly abbreviated to CV) is used to describe the document prepared by applicants containing their credentials required for a job. In AmE, the term résumé is more commonly used, with CV primarily used in academic or research contexts, and is usually more comprehensive than a résumé. Insurance AmE distinguishes between coverage as a noun and cover as a verb; an American seeks to buy enough insurance coverage in order