Liquid Asset - Law Dictionary Search Results
liquid asset
Matched in: Term liquid asset
liquid
Matched in: Term liquid
current assets
current assets Assets of a business that can be liquidated within a relatively short period of time … current assets Assets of a business that can be liquidated within a relatively short period of time
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Winding-up
offences, penalties, and the powers of the Court in connection therewith, and, among supplementary provisions, any company in liquidation must state on every invoice or order or business letter in which the name of the company appears … and secondly, among its members according to their respective rights with a view to its dissolution. If the assets are not sufficient to meet the liabilities, a company is usually wound up by the Court. In other
Liquidator
Liquidator. A person appointed to conduct the winding-up of a company under the (English) Companies Act, 1929. Liquidators are … which such sanction is not required. The duties of a liquidator are to collect, administer, and distribute the assets, having regard to the direction of creditors and contributories, and subject to the requirements of the Act. He
liquidate
liquidate -dat·ed -dat·ing vt 1 : to determine by agreement or litigation the precise amount of ;also : to … settle (a debt) by payment or other adjustment 2 a : to determine the liabilities and apportion the assets of esp. in bankruptcy or dissolution [ a corporation] compare bankruptcy b : to convert (as assets) into
Net-worth
in fact the market value of assets which gives the 'current worth' becomes a relevant factor when in liquidation the question has to be considered whether the company possesses assets which would be sufficient to meet all … 3 (1) (ga)] The concept of 'Net Worth' always denotes the excess of the book value of all assets over liabilities and market value of the assets is never taken into consideration; in fact the market value
Quick-asset ratio
Matched in: Term Quick-asset ratio
liquidator
liquidator : one that liquidates ;esp : an individual appointed by law to liquidate assets compare receiver … liquidator : one that liquidates ;esp : an individual appointed by law to liquidate assets compare receiver
going concern value
prospects rather than on the value of the same assets or the same business in the event of liquidation … going concern value : the value of the assets of an enterprise or of the enterprise itself considered as an operating business and therefore based on earning
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