Distribution
A payment made from available funds in an insolvency process to creditors or other entitled parties according to the legal order of priority.
Related terms
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Dividend
A payment made by a company to shareholders from profits lawfully available for distribution.
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Dividend to creditors
A payment made to creditors from funds available in an insolvency process, usually expressed as a percentage or pence in the pound of their admitted claims.
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Liquidation
A formal process that closes a company, realises its assets and distributes available funds to creditors before the company is dissolved.
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