To Liquidate - Law Dictionary Search Results
Home Dictionary Name: to liquidate Page: 2Official liquidators
Official liquidators, officers appointed to conduct the proceedings and to assist the court in winding up a joint-stock company, (English) Companies Act, 1862, s. 92. See now (English) Companies Act, 1929, s. 185, replacing the (English) Companies (Consolidation) Act, 1908, ss. 149 et seq., where they are styled 'liquidators....
Liquidity
The state or quality of being liquid...
Liquidation expenses principle
Liquidation expenses principle, is a statement of how, in general, the court will exercise its discretion in a common form set of circumstances, Lundy Granite Co. (in re:); Heavan Ex parte, (1871) LR 6 Ch. App 462; see also Oak Pits Colliery Co. (in re:), (1882) 21 Ch D 322....
Liquidated damages
Liquidated damages, the amount agreed upon by a party to a contract to be paid as compensation for the breach of it, and intended to be recovered, whether the actual damages sustained by the breach be more or less, in contradistinction to a penalty; which is only the maximum amount agreed to be paid, and is intended to be reducible in proportion to the actual damage sustained. See Kemble v. Farren, (1829) 6 Bing 141; Lord Elphinstone v. Monkland Iron Co., (1886) 11 App Cas 332; Diestel v. Stevenson, (1906) 2 KB 345. See DAMAGES; PENALTY....
Liquidly
In a liquid manner flowingly...
Liquidize
To render liquid...
To liquidate
To liquidate, means to ascertain and/or apportion, Dena Bank v. K. Motiram Vakil, AIR 1989 Bom 264: 1988 (2) Cur CC 1153: (1989) 1 Bank CLR 499: (1988) 3 Bom Cr 210: (1988) 90 Bom LR 275: 1988 Mah LR 1691...
Liquidator
One who or that which liquidates...
liquidation
liquidation ...
liquidated damages
liquidated damages see damage ...
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