Dictionary Meaning and Definition on 'Liquidation'
- termination of a business operation by using its assets to discharge its liabilities [syn: settlement]
- the act of exterminating [syn: extermination]
- the murder of a competitor [syn: elimination]
- Liquidation \Liq`ui*da"tion\ (l[i^]k`w[i^]*d[=a]"sh[u^]n), n.
[Cf. F. liquidation.]
The act or process of liquidating; the state of being
To go into liquidation (Law), to turn over to a trustee
one's assets and accounts, in order that the several
amounts of one's indebtedness may be authoritatively
ascertained, and that the assets may be applied toward
Wikipedia Meaning and Definition on 'Liquidation'
In law, liquidation is the process by which a company (or part of 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 (sometimes referred to as a creditors' liquidation) or voluntary (sometimes referred to as a shareholders' liquidation, although some voluntary liquidations are controlled by the creditors, see below).[See more about Liquidation at Dictionary 3.0 Encyclopedia]
Words and phrases related to 'Liquidation'
Liquidation Sample Sentences in News
- Gold Declines Blamed On Heavy Long Liquidation; Sell Stops Exacerbate Decline
(Kitco News) - A sharp sell-off in gold futures so far Monday is being blamed on heavy long liquidation, exacerbated when sell stops were triggered. As of 10:23 a.m. EDT, gold for August delivery was $29.80, or 2.2%, lower at $1,307.60 an ounce on the Comex division of the New York [...] Read more on this news related to 'Liquidation'
- Liquidation threat removed from Steimatzky
Steimatzky's management: We are setting out on a new and better path. Read more on this news related to 'Liquidation'
- Hair and beauty business goes under
THE Lido Warrnambool hair and beauty supplies business in Lava Street has been placed in liquidation. Read more on this news related to 'Liquidation'