compulsory liquidation

/kəmˌpʌlsəri ˌlɪkwɪ'deɪʃ(ə)n/ noun
liquidation which is ordered by a court

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • compulsory liquidation — ➔ liquidation * * * compulsory liquidation UK US noun [C or U] (also forced liquidation) ► LAW a situation in which a company must stop operating and sell all its assets in order to pay its debts: force/place/put into compulsory liquidation » The …   Financial and business terms

  • compulsory liquidation — Under Chapter IV of Part IV of the Insolvency Act 1986, liquidation of a company by court order on the petition of creditors, members or the company itself using procedures contained in the Insolvency Act 1986. Easyform Glossary of Law Terms. UK… …   Law dictionary

  • compulsory liquidation — compulsory winding up The liquidation of a company by a court. A petition must be presented both at the court and the registered office of the company. Those by whom it may be presented include: the company, the directors, a creditor, an official …   Big dictionary of business and management

  • compulsory liquidation — compulsory winding up The winding up of a company by a court. A petition must be presented both at the court and at the registered office of the company. Those by whom it may be presented include: the company, the directors, a creditor, an… …   Accounting dictionary

  • compulsory winding-up — compulsory liquidation …   Accounting dictionary

  • liquidation — index aberemurder, assassination, cancellation, composition (agreement in bankruptcy), discharge (payment), dispatch (act of putting to death) …   Law dictionary

  • Liquidation — Winding up redirects here. For other uses, see Wind up (disambiguation). Not to be confused with liquification, a concept in physics. In law, liquidation is the process by which a company (or part of a company) is brought to an end, and the… …   Wikipedia

  • liquidation — Occurs when a firm s business is terminated. assets are sold, proceeds are used to pay creditors, and any leftovers are distributed to shareholders. Any transaction that offsets or closes out a long or short position. Related: buy in, evening up …   Financial and business terms

  • Liquidation — When a firm s business is terminated, assets are sold, proceeds pay creditors and any leftovers are distributed to shareholders. Any transaction that offsets or closes out a Long or short position. Related: buy in, evening up, offsetliquidity.… …   Financial and business terms

  • liquidation — winding up The distribution of a company s assets among its creditors and members prior to its dissolution. This brings the life of the company to an end. The liquidation may be voluntary (see creditors voluntary liquidation, members voluntary… …   Accounting dictionary

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