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What does liquidate mean?

Updated: 9/11/2023
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11y ago

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In bankruptcy, liquidation means converting non-exempt assets to cash, usually by sale at an auction, and using the cash to pay the trustee and then the remaining unsecured creditors pro rata.

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11y ago
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9y ago

Liquid is one of the three classical states of matter.

Liquid is a fluid, all the molecules are spread evenly and have a lot of energy. A liquid has a fixed volume (subject to changes) but no definite shape, as it takes the shape of the container it is in.

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11y ago

It means to get rid of something, such as stocks or bonds or even personal belongings and turn them into cash money.

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12y ago

It means:

To wind up the affairs of (a company or firm) by ascertaining liabilities and apportioning assets.

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