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Liquidate
(redirected from liquidates)

    Also found in: Dictionary/thesaurus 0.01 sec.

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)
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? References in periodicals archive
Golf Trust currently expects that its first liquidating distribution to common stockholders will be paid shortly after Golf Trust liquidates its final asset, which will likely be at least 12 months and possibly 24 months or more from today.
Golf Trust Updates Projected Range of Liquidating Distributions by Business Wire
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