To go into liquidation
Liquidation Liq`ui*da"tion (l[i^]k`w[i^]*d[=a]"sh[u^]n), n. [Cf. F. liquidation.] The act or process of liquidating; the state of being liquidated. [1913 Webster]

{To go into liquidation} (Law), to turn over to a trustee one's assets and accounts, in order that the several amounts of one's indebtedness may be authoritatively ascertained, and that the assets may be applied toward their discharge. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • go into liquidation — (of a commercial firm, etc) to be wound up, cease trading • • • Main Entry: ↑liquid …   Useful english dictionary

  • Liquidation — Liq ui*da tion (l[i^]k w[i^]*d[=a] sh[u^]n), n. [Cf. F. liquidation.] The act or process of liquidating; the state of being liquidated. [1913 Webster] {To go into liquidation} (Law), to turn over to a trustee one s assets and accounts, in order… …   The Collaborative International Dictionary of English

  • liquidation — Occurs when a firm s business is terminated. assets are sold, proceeds are used to pay creditors, and any leftovers are distributed to shareholders. Any transaction that offsets or closes out a long or short position. Related: buy in, evening up …   Financial and business terms

  • Liquidation — When a firm s business is terminated, assets are sold, proceeds pay creditors and any leftovers are distributed to shareholders. Any transaction that offsets or closes out a Long or short position. Related: buy in, evening up, offsetliquidity.… …   Financial and business terms

  • liquidation — [lik΄wi dā′shən] n. a liquidating or being liquidated go into liquidation to close one s business by collecting assets and settling all debts …   English World dictionary

  • go bust — FAIL, collapse, fold, go under, founder; go bankrupt, go into receivership, go into liquidation, be wound up; informal crash, go broke, go to the wall, go belly up, flop. → bust * * * go bust 1. To become bankrupt 2. To exceed the required score… …   Useful english dictionary

  • liquidation — UK [ˌlɪkwɪˈdeɪʃ(ə)n] / US noun [countable/uncountable] Word forms liquidation : singular liquidation plural liquidations business 1) a situation in which a business closes and sells everything it owns in order to pay money that it owes go into… …   English dictionary

  • liquidation — liq|ui|da|tion [ ,lıkwı deıʃn ] noun count or uncount BUSINESS 1. ) a situation in which a business closes and sells everything it owns in order to pay money that it owes: go into liquidation: The toy manufacturer has gone into liquidation. 2. )… …   Usage of the words and phrases in modern English

  • liquidation — noun (C, U) 1 the act of closing down a company in order to pay its debts by selling its assets asset (1): go into liquidation: land being sold off because the builder has gone into liquidation 2 the act of paying a debt …   Longman dictionary of contemporary English

  • Liquidation (film) — Infobox Film name = image size = 150px caption = DVD cover director = Sergey Ursulyak producer = writer = narrator = starring = Vladimir Mashkov, Mikhail Porechenkov, Sergei Makovetsky, Vladimir Menshov, Konstantin Lavronenko, Svetlana Kryuchkova …   Wikipedia

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