Bringing a business to an end and distributing its assets to claimants (e.g creditors, shareholders, employees, and others)
Usually occurs when a company is insolvent (does not have enough money to pay their debts)
An insolvent company undergoes liquidation.
To liquidate means to convert assets into cash.
For example, a person may sell their home, car, or other asset and receive cash for doing so.
This is known as liquidation.
Created: 2023-08-06 Type: #fleeting Link: What Is Liquidation? (investopedia.com)
