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)
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
In a statement, Warner announced it will not be able to avoid insolvent liquidation as AIF's operator, Aviva Investors Global Services Ltd, had decided to revert to paying the asset management fee quarterly rather than monthly.
In a statement, Warner announced it will not be able to avoid insolvent liquidation as AIFa[euro](tm)s operator, Aviva Investors Global Services Ltd, had decided to revert to paying the asset management fee quarterly rather than monthly.
That is the expected outcome, as Sky Blues chief executive Tim Fisher in the last week has said himself the club could be heading for administration and insolvent liquidation. Mr Fisher had also mooted the prospect of Sisu building a new stadium and leaving the Ricoh.
Dep Ltd subsequently went into insolvent liquidation in April 2008.
Fortunately, two recent private letter rulings suggest that the IRS believes section 1001 applies to an insolvent liquidation. (36) Therefore, S should not have to suffer the adverse effects of section 336(b).