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What is meant by the term liquidation of a company?

      

What is meant by the term liquidation of a company?

  

Answers


KevinNyabute
This refers to the winding up of a company when its unable to meet its financial obligations when they come due. This state is referred to as insolvency. The company's operations are brought to an end, and its assets are divided up among creditors and shareholders, according to the priority of their claims.
kevinnyabute answered the question on February 26, 2018 at 08:45


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