Liquidate
To place a company into liquidation or, more generally, convert assets into cash.
Related terms
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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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Winding-up order
A court order placing a company into compulsory liquidation.
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Liquidator
The insolvency practitioner responsible for conducting a liquidation, realising assets, investigating relevant conduct and distributing funds according to insolvency law.
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