liquidate


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Liquidate

To pay and settle the amount of a debt; to convert assets to cash; to aggregate the assets of an insolvent enterprise and calculate its liabilities in order to settle with the debtors and the creditors and apportion the remaining assets, if any, among the stockholders or owners of the corporation.

liquidate

v. to sell the assets of a business, paying bills and dividing the remainder among shareholders, partners or other investors. (See: wind up)

liquidate

(Convert into cash), verb cash in, change into cash, change into money, conclude, distribute assets, exchange for money, finish, realize in cash, redeem, sell, sell assets, terminate, terminate business affairs, turn into money
Associated concepts: liquidated account, liquidating trust, liquidation of assets, trustees in liquidation

liquidate

(Determine liability), verb adjust, ascertain liability, ascertain the amount of indebtedness, ascertain the balance due, assemble and apportion assets, cancel debts, determine the amount of indebtedness, discharge, dissharge a liability, discharge debts, dispose of, extinguish innebtedness, make restitution, meet payments, pay, pay and settle, pay debts, satisfy, settle, settle accounts with the debtors and creditors
Associated concepts: liquidated claim, liquidated damages, liquidated debt, liquidated demand
See also: defray, destroy, discharge, disorganize, dispatch, efface, eliminate, eradicate, extinguish, extirpate, kill, murder, obliterate, pay, remove, slay
References in periodicals archive ?
High liquidate and low liquidate stocks were selected based on the returns for the past week.
The decision to liquidate a company shall be adopted by the General Meeting, or the court, in the cases specified in the Civil Code.
Further, if Sam forms a new corporation, sells the assets of the old corporation to the new one and then liquidates the old corporation, the transaction could be construed as a device to withdraw corporate earnings at capital gain rates; see Rev.
Sam decides to form a new corporation, sell the assets of the old corporation to the new one, then liquidate the old corporation.
If a PFIC intends to liquidate, but fails to observe the necessary formalities for liquidation, a U.
The tax adviser could recommend that the corporation liquidate and that, as part of the plan of liquidation, the property be sold to Stanley in an installment sale.
Ault and statements relating to plans to liquidate the Company's investment portfolio.
The company intends to liquidate its mortgage portfolio by 1997 and distribute the proceeds to shareholders.
31, 2003 redemption deadline for the class C notes and has identified all of the positions they will liquidate in order to pay down the remaining $16.
announced its plans to sell its assets and liquidate the partnership in January 1989, and will have made liquidating distributions pursuant to the plan totaling $10.