liquidate

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Related to liquidating: Liquidating dividend, Self Liquidating

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 ?
DENVER -- Cloyses Partners, LLC (the "Trustee"), the trustee of the AMV Liquidating Trust (the "Trust"), today announced that AmeriVest Properties Inc.
Since announcing the intent to form a liquidating trust, we have advised shareholders concerned about liquidity to consider selling their common shares prior to the cessation of trading," said Charles Knight, president and chief executive officer of AmeriVest.
The Liquidating Trust intends to initiate the upcoming $17 million Distribution on Friday, November 1, 2013.
It is not material that a liquidating corporation does not have a formal resolution to liquidate or has not adopted a plan to dissolve (Kennemer, 96 F2d 177 (5th Cir.
In order to be deemed a Beneficiary of the HVE Liquidating Trust, owners of the common stock must submit a W-9 Form on or before December 31, 2006.
The Liquidating Trust was organized for the purpose of winding up the Company's affairs and distributing its assets.
For tax purposes, the Final Liquidating Distribution announced today and each of the other liquidating distributions referred to above is a "liquidating distribution".
331(a) to distribute all assets to Jack in the current year in a liquidating distribution in exchange for his stock.
BizAuctions employs two primary business models, whereby it liquidates inventory through eBay on consignment for a lucrative commission; and/or it purchases inventory at a fraction of retail price for the purpose of liquidating it for a profit.
31, 2012 /PRNewswire/ -- WMI Liquidating Trust (the "Liquidating Trust"), formed pursuant to the confirmed Seventh Amended Joint Plan of Affiliated Debtors under Chapter 11 of the United States Bankruptcy Code (as modified, the "Plan") of Washington Mutual, Inc.
The shareholder (Smith Partnership) will realize total gain of $400,000 ($500,000 liquidating distribution- $100,000 basis).
WRP currently contemplates that approximately 36 months after the approval of the Plan any remaining assets and liabilities would be transferred into a liquidating trust.