LIQUIDATE
- Convert into liquid form (cash) by selling it in an open market.
- Sell all the company’s assets in order to settle or adjust an obligation. The remaining shares will be distributed to shareholders and get out of business.
- A broker’s call to sell his or her customer’s securities in the event of default.
- When an entity decides or is forced by a legal judgment or litigation to turn assets into cash in order to pay the extent of damages to be settled.
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