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liquidation |
Also found in: Legal, Financial, Wikipedia, Hutchinson | 0.02 sec. |
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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) How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The Board of Directors has instructed management to immediately commence negotiations with creditors to consider a restructuring failing which an insolvent liquidation of the Corporation will ensue. |
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