liquidation funds JUST WRITTEN FOR YOU
/ˌlɪk.wɪˈdeɪʃən ˈfʌndz/ · liq·ui·da·tion ·funds
noun
- Funds set aside to cover potential losses or financial liabilities, often resulting from the liquidation of assets. The company's liquidation funds were used to pay off creditors after it went bankrupt.
- Monies allocated for the purpose of winding down a business or organization, often involving the sale of assets and distribution of proceeds to stakeholders. The liquidation funds were used to settle outstanding debts and distribute remaining assets to shareholders.
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Did you know? The term 'liquidation funds' is often used in the context of corporate finance, where it refers to the process of converting assets into cash to cover financial liabilities or pay off debts.