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 ?
So we are happy that our Finance Department has been working really hard because that used to be more than PHP5 billion and it went down to PHP1.6 billion because we are required to liquidate,' Guanzon added.
The UP system has yet to liquidate P462.351 million, while MSU has P236.486 million in unliquidated balances, according to data from CHEd.
Your son may liquidate the company and close the bank account and cancel his visa, before travelling to his home country.
A press release from the government said that the central bank took the decision to revoke the banking license and liquidate JSC VTB Bank.
Suan was able to liquidate the amount of P14,300, but the remaining amount - P6,000 - was liquidated only on October 26, 2015 as evidenced by Official Receipt No.
Under state law, there may be questions regarding who remains liable for LLC liabilities distributed to members, required notifications to creditors of the LLC's intent to liquidate, required changes in legal tide to distributed assets, required notification to the state of the LLC's intent to liquidate, compliance with applicable bulk sales acts (if the LLC's assets are to be sold prior to liquidation), etc.
The overreaction hypothesis, as postulated by De Bondt and Thaler [9], dictates that stocks that have performed poorly in the past (low liquidate stocks) tend to outperform stocks that have performed well in the past (high liquidate stocks).
That resulted in the union going on strike, which then pushed Hostess to liquidate.
Not later than on the first day of publication of the notice of the liquidation of a company, the liquidator must submit the documents confirming the decision to liquidate the company and the particulars of the liquidator to the manager of the Register of Legal Entities.
Summary: Egypt's fixed-line monopoly Telecom Egypt ETEL.Ca said on Thursday it had agreed with Egypt's Orascom Telecom ORTE.CA to liquidate their joint venture in Algeria.
A US federal judge has refused to grant protection from US lawsuits for Bear Stearns Cos.' two bankrupt hedge funds, finding the Cayman Islands was not the proper jurisdiction for them to liquidate assets, reports Bloomberg (Aug.