glossary /
Liquidation
Liquidation
The process of bringing a business to an end and distributing its assets to claimants. It is an event that occurs when a company is insolvent, meaning it cannot pay its obligations as and when they come due.
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The process of bringing a business to an end and distributing its assets to claimants. It is an event that occurs when a company is insolvent, meaning it cannot pay its obligations as and when they come due.
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