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Meaning of liquidation

 

 

 

Liquidation

 

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Business glossary

 

Meaning of term liquidation :

 

Liquidation is the process of winding-up a company when it is insolvent. It may be either voluntary (where the company has realised that it is unable to continue) or compulsory (where creditors of the company have acted to try to recoup their money). Liquidation means gathering together all the assets of the company and selling them to realise as much as possible for those who are owed money by the firm.

 

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Liquidation

 

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Meaning of term liquidation

 

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