liquidation

(redirected from Creditors voluntary liquidation)
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Related to Creditors voluntary liquidation: Members voluntary liquidation

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 ?
Montrose went into Creditors Voluntary Liquidation in January 2017 - a procedure in which the company's directors choose to close the business due to being unable to pay debts.
GMS went into Creditors Voluntary Liquidation in February 2013 with an estimated deficiency of PS260,700.
As a result, the company will cease its electric vehicle retailing, engineering, development and support operations in the UK and this re-organisation will be a Creditors Voluntary Liquidation under the UK's Insolvency Act of 1986, Section 98, thus eliminating all liabilities such as an outstanding tax payment of USD622,697, outstanding trade payment of USD689,481 and outstanding lease payment of USD40,000.
The report states: "Based upon the current information available, it is anticipated that there will be insuffi-cient realisations to enable a distribution to the non-preferential unsecured creditors of the company, other than from the prescribed part, if any." It adds: "The joint administrators believe the company should be moved to creditors voluntary liquidation in order to make a distribution to the unsecured creditors from the prescribed part, once all matter in the administration have been finalised including the book debt collections and paying all final costs from the period of occupation at the trading premises."
A board meeting was subsequently held on Monday, February 17, 2014, at which my firm was instructed to assist the director with placing his company (DMC Restaurants Limited) into creditors voluntary liquidation - all staff members were immediately made redundant."
"A board meeting was subsequently held on Monday, February 17, 2014, at which my firm (Broadbents Business Recovery Services Limited) was instructed to assist the director with placing his company (DMC Restaurants Limited) into creditors voluntary liquidation - all staff members were immediately made redundant.