Comparative law notes
in solvency context
There are multiple definitions - click on the translation that matches your context.
liquidation means:
Verwertung means:
Substantiv
partial
noun
in solvency context
concluding a company's affairs by selling its assets and paying its debts with any surplus being distributed to the owners
By then, the company was in liquidation and most of the workforce had lost their jobs.
the act of converting an asset into cash by selling it
This is the highest rate of liquidation of gold reserves in a decade.