What is Liquidation?

Jun 29th, 2015
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liquidation is the process by which a company (or part of a company) is brought to an end, and the assets and property of the company redistributed. Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation.

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liquidation liquidationis the process by which acompany(or part of a company) is brought to an end, and the assets and property of the company redistributed. Liquidation is also sometimes referred to aswinding-upordissolution, although dissolution technically refers to the last stage of liquidation. The process of liquidation also arises whencustoms, anauthorityoragencyin acountryresponsible for collecting and safeguardingcustoms duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry.Example :Bank summaAdam Airlines Divest Divest is Tosell off. Often referred to in the context of acompanyselling off divisions that are either apoorfit within theoverallcorporatestrategy, or showing poorfinancial performance.Example :Morton Thiokol, a manufacturer of chemicals, salt, and rocket

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