noun the act of converting assets into cash
In law, liquidation can refer to the process of closing down a company and distributing its assets to creditors in accordance with bankruptcy laws.
In finance, liquidation refers to the process of selling off assets to pay off debts or distribute proceeds to shareholders.
In business, liquidation can refer to the winding up of a company's affairs and the distribution of its assets to creditors.
In economics, liquidation can refer to the process of selling off assets to reduce debt or free up capital for other investments.
In accounting, liquidation can refer to the process of converting assets into cash to meet financial obligations.
In the business world, liquidation refers to the process of selling off all assets of a company in order to pay off debts and close the business.
In the field of finance, liquidation may refer to the process of converting assets into cash to pay off debts or distribute to investors.
Accountants may be involved in the liquidation process of a company, ensuring that assets are properly valued and distributed according to legal requirements.
Lawyers may be involved in the legal aspects of liquidation, ensuring that all creditors are treated fairly and that the process complies with relevant laws and regulations.
For a business owner, liquidation may be a last resort option for closing down a business that is no longer viable, in order to pay off debts and move on.
Investors may be affected by liquidation if they have invested in a company that is being liquidated, as they may receive a portion of the proceeds from the sale of assets.
Bankers may be involved in the liquidation process if a company is unable to repay its loans, working to recover as much of the outstanding debt as possible through the sale of assets.