liquidation

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liquidation

Business
a. the process of terminating the affairs of a business firm, etc., by realizing its assets to discharge its liabilities
b. the state of a business firm, etc., having its affairs so terminated (esp in the phrase to go into liquidation)
References in periodicals archive ?
For our purposes, an insolvent liquidation is a transfer of the S shares.
He added: "We hope to continue negotiations with ACL in order to find a solution which will enable us to avoid insolvent liquidation.
into administration, receivership, or insolvent liquidation (including any
He has not been a Director or Partner of any company or partnership in administration, receivership or insolvent liquidations (including voluntary arrangements) at the relevant time or during the twelve months preceding such events;