liquidation

(redirected from Compulsory liquidation)
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Related to Compulsory liquidation: Winding Up Order

liq·ui·date

 (lĭk′wĭ-dāt′)
v. liq·ui·dat·ed, liq·ui·dat·ing, liq·ui·dates
v.tr.
1.
a. To pay off (a debt, claim, or 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 eliminate, especially by killing.
v.intr.
1. To settle a debt, claim, or obligation.
2. To settle the affairs of a business or estate by disposing of its assets and liabilities.

[Late Latin liquidāre, liquidāt-, to melt, from Latin liquidus, liquid; see liquid.]

liq′ui·da′tion n.
liq′ui·da′tor n.

liquidation

(ˌlɪkwɪˈdeɪʃən)
n
1. (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

liq•ui•da•tion

(ˌlɪk wɪˈdeɪ ʃən)

n.
1. the process of liquidating.
2. the state of being liquidated.

liquidation

The dissolution of a company such that its assets are made liquid (converted into cash) in order to pay any debts and the remainder is distributed among the companies shareholders.
ThesaurusAntonymsRelated WordsSynonymsLegend:
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

liquidation

noun
Translations
تَصْفِيَة الحِساب، تَخَلُّص من
likvidace
likvidering
felszámoláslikvidálás
slit, lok; skiptameîferî òrotabús
likvidácia

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

liquid

(ˈlikwid) adjective
able to flow; not solid, but not a gas. liquid nitrogen; The ice-cream has become liquid.
noun
a substance which flows, like water. a clear liquid.
liquefy (ˈlikwifai) verb
to make or become liquid. The butter had liquefied in the heat.
ˈliquidate (-deit) verb
1. to close, and finish the affairs of (a business etc that has no money to continue).
2. to get rid of.
ˌliquiˈdation noun
ˈliquidator noun
ˈliquidize, ˈliquidise verb
to make (food etc) into a liquid or semi-liquid substance by grinding it up in a liquidizer.
ˈliquidizer, ˈliquidiser noun
an electrical device used in cookery to grind up food.
References in periodicals archive ?
Wolverhampton-based construction and infrastructure group Carillion was placed into compulsory liquidation last Monday.
British construction company Carillion, which was forced into compulsory liquidation, has clarified that its overseas joint ventures such as Carillion Alawi were not part of this move, and would continue to operate uninterrupted, said a report.
International construction and support services group, Carillion, announced on 15 January, 2018, that it had taken steps to enter compulsory liquidation.
Balfour Beatty, the international infrastructure group, notes that Carillion has applied for compulsory liquidation.
Following the news that UK contractor Carillion had entered compulsory liquidation, analysts in the UAE have said that ongoing projects under the Al-Futtaim and Carillion joint venture are unlikely to be severely affected.
BELEAGUERED fashion chain Store Twenty One has collapsed into compulsory liquidation.
The oddly named B456GH Ltd were put into compulsory liquidation at Southend County Court in Essex.
However, one clear path forward is to place the Welsh Assembly, LEA and Estyn into compulsory liquidation and allow schools to work as groups with each guiding and inspecting each other, based on teacher professionalism and parental experience.
His comments follow a survey which reveals HM Revenue and Customs was behind almost half of all court petitions aimed at forcing companies into compulsory liquidation to recover debts over the last six months.
NEW research shows that firms entering compulsory liquidation owed at least pounds 887m over the past year.
A winding up petition orders that a company be placed into compulsory liquidation, although companies can be wound up voluntarily without the need for court intervention.
The Broli Cymraeg Trust, based in the landmark Clocktower building in Mostyn, went into compulsory liquidation and was wound up on June 17, Companies House has confirmed.

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