Liquidation

 

 

 

Liquidation

 

Glossary of business

 

Definition of liquidation

 

Liquidation is the process of winding-up a company when it is insolvent. It may be either voluntary (where the company has realised that it is unable to continue) or compulsory (where creditors of the company have acted to try to recoup their money). Liquidation means gathering together all the assets of the company and selling them to realise as much as possible for those who are owed money by the firm.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of liquidation

 

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Meaning of liquidation

 

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What does liquidation mean ?

 

 

 

 

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