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liquidation |
Also found in: Legal, Financial, Wikipedia, Hutchinson | 0.03 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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Following the issuance by Xcyte of shares of its common stock to Cyclacel Group plc in exchange for all of the outstanding share capital of Cyclacel Limited, Cyclacel Group plc distributed the Xcyte stock received through a members' voluntary liquidation of Cyclacel Group plc under English law. |
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