What is Liquidation in Bankruptcy Explanation, Definition and Meaning

Discharge of a debt or the determination by agreement or litigation of the amount of a previously unliquidated claim. One important legal meaning is the distribution of the assets of an enterprise among its creditors and proprietors. At the dissolution of a solvent corporation or unincorporated association, the assets are usually liquidated (turned into money)…

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What is Receivership in Liquidation Explanation,Definition and Meaning

In law, the judicial appointment of a person, a receiver, to collect and conserve certain assets and to make distributions in accordance with judicial authorization. A receivership is properly an intermediate or incidental step toward some other principal objective and not generally the object of litigation. The principal objective may be the preservation of the…

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What is Mergers, Mergers Explanation,Definition and Meaning

Companies often grow by combining with other companies. One company may purchase all or part of another; two companies may merge by exchanging shares; or a wholly new company may be formed through consolidation of the old companies. From the financial manager’s viewpoint, this kind of expansion is like any other investment decision; the acquisition…

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What is Antitrust Law, Antitrust Law Explanation,Definition and Meaning

Any law restricting business practices considered unfair or monopolistic. The United States has the longest standing policy of maintaining competition among business enterprises through a variety of laws. The best known is the Sherman Antitrust Act of 1890, which declared illegal “every contract, combination . . . or conspiracy in restraint of trade or commerce.”…

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What is Corporations, LLC and Company Definition and Meaning

Corporations or company also called Limited Liability Company, a specific legal form of organization of persons and material resources, chartered by the state, for the purpose of conducting business. As contrasted with the other two major forms of business ownership, the sole proprietorship and the partnership, the corporation is distinguished by a number of characteristics…

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