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liquidation
(redirected from Insolvent liquidation)

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
liq·ui·date  (lkw-dt)
v. liq·ui·dat·ed, liq·ui·dat·ing, liq·ui·dates
v.tr.
1.
a. To pay off (a debt, a claim, or an obligation); settle.
b. To settle the affairs of (a business firm, for example) by determining the liabilities and applying the assets to their discharge.
2. To convert (assets) into cash.
3. To put an end to; abolish.
4. To put to death; kill.
v.intr.
1. To settle a debt, a claim, or an obligation.
2. To settle the affairs of a business or an estate by disposing of its assets and liabilities. See Synonyms at eliminate.

[Late Latin liquidre, liquidt-, to melt, from Latin liquidus, liquid; see liquid.]

liqui·dation n.
liqui·dator n.

liquidation [ˌlɪkwɪˈdeɪʃən]
n
1. (Business / Commerce)
a.  the process of terminating the affairs of a business firm, etc., by realizing its assets to discharge its liabilities
b.  the state of a business firm, etc., having its affairs so terminated (esp in the phrase to go into liquidation)
2. destruction; elimination
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.liquidation - termination of a business operation by using its assets to discharge its liabilitiesliquidation - termination of a business operation by using its assets to discharge its liabilities
ending, termination, conclusion - the act of ending something; "the termination of the agreement"
viaticus settlement, viatical settlement - sale of an insurance policy by a terminally ill policy holder
2.liquidation - the act of exterminating
destruction, devastation - the termination of something by causing so much damage to it that it cannot be repaired or no longer exists
3.liquidation - the murder of a competitor
murder, slaying, execution - unlawful premeditated killing of a human being by a human being
Translations
liquidation [ˌlɪkwɪˈdeɪʃən] Nliquidación f
to go into liquidationentrar en liquidación
liquidation [ˌlɪkwɪˈdeɪʃən] n [company] → liquidation f
to go into liquidation → déposer son bilan
liquidation
n
(Comm) → Liquidation f, → Liquidierung f; (of company)Auflösung f, → Liquidation f; (of debts)Tilgung f; to go into liquidationin Liquidation gehen
(of enemy etc)Liquidierung f
liquidation [ˌlɪkwɪˈdeɪʃn] nliquidazione f
to go into liquidation (Fin) → andare in liquidazione


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Directors can be held to account to a liquidator for depletion of the company's assets as a result of continued trading at a time when they knew, or ought to have known, there was no reasonable prospect of avoiding insolvent liquidation.
It should be stressed that liability for wrongful trading cannot arise until there is no reasonable prospect that the company can avoid going into insolvent liquidation.
Shareholders should be aware that if the placing and open offer are not approved at the egm, the directors will have to apply for administration or to commence an insolvent liquidation of the company".
 
 
 
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