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Liquidity - Law Dictionary Search Results

Home Dictionary Name: liquidity Page: 3

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...


Listing

Listing, 'Listing' means the admission of the securities of a company to trading privileges on a Stock Exchange. The principal objectives of listing are to provide ready marketability and impart liquidity and free negotiability to stocks and shares; ensure proper supervision and control of dealings therein; and protect the interests of shareholders and of the general investing public', Raymond Synthetics Ltd. v. Union of India, AIR 1992 SC 847: (1992) 2 SCC 255 [Companies Act, 1956, s. 73]...


Semiliquidity

The quality or state of being semiliquid partial liquidity...


Liquidity

The state or quality of being liquid...


Liquidness

The quality or state of being liquid liquidity fluency...


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...


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 and separating substances such as particles of solid or globules of an immiscible liquid mixed together in suspension within the liquid Suspensions which would settle only very slowly or not at all under gravity can be made to separate quickly in such a device...



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