Liquidate - Law Dictionary Search Results
Home Dictionary Name: liquidate Page: 3 Page 3 of about 471 results (0.002 seconds)liquidated claim
liquidated claim A creditor's claim for a fixed amount of money. Source: Administrative Office of the U.S. Courts ...
liquid asset
liquid asset a cash asset or an asset that is easily converted into cash. Source: U.S. Department of Housing and Urban Development ...
liquid
liquid 1 a : consisting of cash or capable of ready conversion into cash [ assets] b : capable of covering current liabilities out of current assets esp. in a rapid manner [a insurer] 2 : of or relating to a security or commodity with enough shares or units outstanding to hinder significant price variation from large transactions ...
Petroleum
Petroleum, includes any mineral oil or relative hydrocarbon and natural gas existing in its natural condition in strata, but does not include coal or bituminous shales or other shales or other stratified deposits from which oil can be extracted by destructive distillation. [Petroleum (Production) Act, 1934 (UK)]Includes any mineral oil or relative hydrocarbon and natural gas existing in its natural condition in strata, whether or not it has undergone any processing; but does not include coal or bituminous shales or other stratified deposits from which oil can be extracted by destructive distillation. [Pipelines Act, 1962 (UK)]Petroleum, is an oily, inflammable liquid made up mostly of hydrocarbons compounds containing only hydrogen and carbon, the New Bank of Popular Science, Vol. 2; Special Reference No. 1 of 2001, In Re (2004) 4 SCC 489.Means liquid and gaseous hydrocarbons are so intimately associated in nature that it has become customary to shorten the expression 'petroleum and na...
Winding-up
Winding-up, the process by which an insolvent estate is distributed, as far as it will go, amongst the persons having claims upon it. The term is most frequently applied to the winding-up of joint-stock companies.The property of a company is collected and distributed firstly in discharge of its liabilities, 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 cases the winding-up is usually voluntary and conducted by the company itself either with or without the supervision of the Court. The provisions of the (English) Companies Act, 1929, govern a winding-up in any of these three modes (s. 156). In any winding-up the members who may be called upon to contribute are ascertained and their liability determined under ss. 157-162; see CONTRIBUTORIES. Debts and claims of all kinds require to be proved and if not of certain value to be...
Siphon
A device consisting of a pipe or tube bent so as to form two branches or legs of unequal length by which a liquid can be transferred to a lower level as from one vessel to another over an intermediate elevation by the action of the pressure of the atmosphere in forcing the liquid up the shorter branch of the pipe immersed in it while the continued excess of weight of the liquid in the longer branch when once filled causes a continuous flow The flow takes place only when the discharging extremity of the pipe ia lower than the higher liquid surface and when no part of the pipe is higher above the surface than the same liquid will rise by atmospheric pressure that is about 33 feet for water and 30 inches for mercury near the sea level...
Chapter
Chapter [fr. Apitulum, Lat.], a congregation of ecclesiastical persons in a cathedral church, consisting of canons or prebendaries whereof the dean is the head, all subordinate to the bishop, to whom they act as assistants in matters relating to the church, for the better ordering and disposing the things thereof, and the confirmation of such leases of the temporality and offices relating to the bishopric, as the bishop shall make from time to time. And they are termed capitulum, as a kind of head, instituted not only to assist the bishop in manner aforesaid, but also anciently to rule and govern the diocese in the time of vacation, Burn's Dict.The Chapter of the bankruptcy code allowing a trustee to collect and liquidate a debtor's property either voluntarily or by court order, to satisfy creditors, Black's Law Dictionary, 7th Edn.Chapter shall mean a Chapter of the Act or Regulation in which the word occurs. [General Clauses Act, 1897 (10 of 1897)]...
Reliquidate
To liquidate anew to adjust a second time...
Liquidate
To determine by agreement or by litigation the precise amount of indebtedness or where there is an indebtedness to more than one person to determine the precise amount of each indebtedness to make the amount of an indebtedness clear and certain...
chapter 7 (individual bankruptcy)
chapter 7 (individual bankruptcy) A petition designed to liquidate the debtor's property, pay off his or her creditors, and discharge the debtor from his or her other debts. Source: FindLaw ...
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