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liquidate |
Also found in: Legal | 0.03 sec. |
liquidate Verb [-dating, -dated] 1. to settle or pay off (a debt or claim) 2. to dissolve a company and divide its assets among creditors 3. to convert (assets) into cash 4. to eliminate or kill
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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. |
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