liquidationˌlɪk wɪˈdeɪ ʃən
liquidation (n)
- plural
- liquidations
English Definitions:
liquidation, settlement (noun)
termination of a business operation by using its assets to discharge its liabilities
extermination, liquidation (noun)
the act of exterminating
elimination, liquidation (noun)
the murder of a competitor
liquidation (Noun)
The process of converting into cash (or into an asset with high liquidity).
liquidation (Noun)
The selling of the assets of a business as part of the process of dissolving the business.
Liquidation
In law, liquidation is the process by which a company is brought to an end, and the assets and property of the company redistributed. Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation. The process of liquidation also arises when customs, an authority or agency in a country responsible for collecting and safeguarding customs duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry. Liquidation may either be compulsory or voluntary.
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"liquidation." Kamus.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.kamus.net/english/liquidation>.
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