MLchartDataset catalogue

Liquidate

Term · Law · MLC-T-LAW-003070

To convert assets into cash, typically in the context of dissolving a business or settling a debt. This process involves selling off property and other holdings to pay creditors and distribute any remaining funds to owners or shareholders. It is a common step in bankruptcy proceedings or the winding up of a company.

Table 1. Record
IdentifierMLC-T-LAW-003070
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003070",
  "term": "Liquidate",
  "field": "Law",
  "definition": "To convert assets into cash, typically in the context of dissolving a business or settling a debt. This process involves selling off property and other holdings to pay creditors and distribute any remaining funds to owners or shareholders. It is a common step in bankruptcy proceedings or the winding up of a company.",
  "url": "https://mlchart.com/terminology/law/liquidate/"
}

Record 3,026 of 5,441 in Law terminology (MLC-0107). Request the full dataset.