Terms Beginning With 'l'

Liquidation

  • January 29, 2020
  • Team Kalkine

In economics and finance, liquidation is the procedure of taking a business to the end point and delivering the assets of business to claimants. It is an event that generally happens when a firm is insolvent, that is, not able to pay its due obligations.

Liquidation can also be defined as the process of selling off inventory, typically at high discounts.

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