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 ?
The taxpayer-favorable effects of an LR transaction are significantly lessened if the shareholder is a corporation and the liquidation, if respected, qualifies under Sec.
The regulations provide a nonexhaustive list of certain factors to be analyzed to determine whether a particular instrument participates in current earnings and liquidation proceeds, including:
corporation, followed by a liquidation of the transferred foreign subsidiary.
Each partnership agreement contained identical restrictions on liquidation of the FLPs.
331), this intention should be clearly demonstrated by having the PFIC's board of directors pass a resolution to liquidate and filing a Form 966, Corporate Dissolution or Liquidation, within 30 days after the resolution.