Liquidation意思
"Liquidation" is a term that can have different meanings depending on the context in which it is used. Here are some common definitions:
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Business Liquidation: This refers to the process of closing down a business and selling off its assets in order to pay its debts. There are different types of business liquidation, including voluntary liquidation (where the company decides to close down) and compulsory liquidation (where a court orders the closure of the business).
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Investment Liquidation: In the context of investments, liquidation refers to the sale of an investment, such as stocks, bonds, or mutual funds, in order to convert them into cash.
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Bankruptcy Liquidation: In bankruptcy law, liquidation is the process of selling all the assets of a debtor in order to pay creditors. This is typically done in a Chapter 7 bankruptcy proceeding.
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Insurance Liquidation: When an insurance company is liquidated, it means that its assets are sold off and its operations are wound down, typically because the company is unable to meet its financial obligations.
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Contract Liquidation: In the context of contracts, liquidation may refer to the termination of a contract and the sale of any goods or services that have been provided under the contract.
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Partnership Liquidation: When a partnership is liquidated, the partners sell off the partnership's assets and distribute the proceeds among themselves in accordance with their partnership agreement.
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Estate Liquidation: After someone dies, their estate may need to be liquidated in order to pay debts and distribute assets to beneficiaries. This typically involves selling off any assets that are not easily turned into cash, such as real estate or personal property.