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Liquidated Form
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People also ask
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What is the meaning of to liquidate?
To liquidate is to convert stocks or goods into cash by selling them, to finish business neatly, and to clear debts. If you liquidate your old baseball card collection, you will have money to put in your college fund. Definitions of liquidate. verb. eliminate by paying off (debts) -
What happens if you are liquidated?
Once a company goes into liquidation, the powers of directors cease, and the liquidator takes over the company's representation. Assets of the company cannot be sold or transferred without the permission of the liquidator, and all company cash must be transferred to an estate bank account managed by the liquidator. -
What does it mean when something is in liquidation?
Liquidation is the process of selling off assets and using the proceeds to pay off creditors and shareholders. It is triggered when a company is insolvent and is unable to pay its debts. Liquidation can also be voluntary, when the company decides to go out of business and liquidate its assets. -
What does it mean when someone is liquidated?
liquidate | American Dictionary to sell your investments or property to make them available in the form of money: Investors have started to liquidate their mutual funds. Someone who liquidates a business closes it and sells what it owns. -
Does liquidated mean closed?
Liquidation is the process of closing a business and distributing its assets to claimants. The sale of assets is used to pay creditors and shareholders in the order of priority. -
Why does liquidate mean?
To liquidate is to convert stocks or goods into cash by selling them, to finish business neatly, and to clear debts. If you liquidate your old baseball card collection, you will have money to put in your college fund. -
What does it mean when someone goes into liquidation?
Liquidation is the process of converting a company's assets into cash, and using those funds to repay, as much as possible, the company's debts. Liquidation results in the company being shut down. -
What does it mean to be liquidated?
liquidate | Business English if a business liquidates or is liquidated, it is closed so that its assets can be sold to pay its debts: The only way for management to return value to shareholders in the short term is to liquidate the company and return the cash.
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