Liquidation - Law Dictionary Search Results
Petroleum
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.
Siphon
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
Penalty
2. A sum agreed to be paid on breach of an agreement or any stipulation of it. See LIQUIDATED DAMAGES, and NOMINE PEN'. The fact that the parties state expressly in their contract that the sum named
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centrifuge
an apparatus having containers for liquids arrayed around a central pivot and rotated at a high speed thus generating centrifugal force on the liquid
objection to exemptions
to exemptions A trustee's or creditor's objection to the debtor's attempt to claim certain property as exempt from liquidation by the trustee to creditors. Source: Administrative Office of the U.S. Courts
bankruptcy
U.S. Bankruptcy Code. There are four types of relief available to individuals or corporations under the Bankruptcy Code: liquidation (chapter 7), reorganization (chapter 11), debt adjustment for a family farmer (chapter 12), and debt adjustment for an
going concern value
prospects rather than on the value of the same assets or the same business in the event of liquidation
liquidating
liquidating : produced or occurring as a result of liquidation [a dividend]
Mortgage
loan of money or credit effected, in order to secure either the repayment of the one or the liquidation of the other. the debtor, or borrower, is then the mortgagor, who has charged or transferred his property
split-up
split-up : a transfer by a corporation of all its assets in complete liquidation to two or more subsidiaries that involves the surrender of all stock by the shareholders in exchange for
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