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 ?
Here, the shareholders should liquidate the corporate since the extra corporate tax on income more than offsets the effect of their own tax on the gain on the liquidating distribution.
SJ would use its $100,000 NOL carryover to offset the $100,000 gain ($200,000 FMV of assets--$100,000 basis) it would recognize on the liquidating distribution.
In announcing this initial liquidating distribution, Craig R.
Under the terms of the Liquidating Trust Agreement, provided no claim for breach of any representations and warranties under the purchase and sale agreement between AmeriVest and Koll/PER, LLC has been made or threatened by February 27, 2007, and absent other circumstances under which it would be appropriate for the Trustee to retain the amount reserved pursuant to the purchase and sale agreement, the Trustee has been directed to distribute an additional amount equal to $0.
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 determining the treatment to E, the CD partnership is deemed to make liquidating distributions to C and D, followed by a purchase of the assets by E.
Following the close of trading on that day, the Company will close its transfer books and all remaining assets and liabilities will be transferred to the AmeriVest Liquidating Trust in accordance with the plan of liquidation approved by AmeriVest's shareholders in May 2006.
Because any [sections] 336 gain or loss is triggered by the liquidating distribution, it constitutes one of the tax consequences of a disposition of stock by the QSST for which the QSST beneficiary is not treated as the owner of stock.
Gray, the Trustee of the HVE Liquidating Trust, announced that holders of the common stock of High Voltage Engineering Corp.
Issue: What are Jack's options and how should he proceed in liquidating the corporation?
NEW YORK -- The Trustee of the IMPATH Bankruptcy Liquidating Trust (OTC:IBLTZ) (the "Liquidating Trust") announced that the Liquidating Trust and IMPATH Inc.
Shareholders who acquire a corporation's preliquidation installment obligations (those acquired by the corporation prior to the date of adoption of the liquidation plan) as part of a liquidating distribution must be taxed on their gain at the time the installment obligations are received.