what is liquidate in accounting - MARKETING
LIQUIDATE definition: to settle or pay (a debt). See examples of liquidate used in a sentence. To liquidate a company is to close it down and sell all its assets, usually because it is in debt.
Understanding the Context
Someone who liquidates a business closes it and sells what it owns. The company was forced into liquidation. The only way for management to return value to shareholders in the short term is to liquidate the company and return the cash. Definition of liquidate verb in Oxford Advanced Learner's Dictionary.
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Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. 1. to settle or pay (a debt): to liquidate a claim. 2. to reduce (accounts) to order; determine the amount of (indebtedness or damages).
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3. to dissolve (a business or estate) by apportioning the assets to offset the liabilities. 4. to convert (inventory, securities, or other assets) into cash. The meaning of LIQUIDATE is to determine by agreement or by litigation the precise amount of (indebtedness, damages, or accounts). How to use liquidate in a sentence.
Liquidate generally refers to the process of converting assets into cash or cash equivalents, often to pay off debts. It can also mean the act of dissolving a business or a business unit, selling off its assets, and settling its liabilities. Business to convert (property or other assets) into cash: to liquidate an estate. to get rid of, esp.