liquidation proceedings

(interim payment)
Distribution of cash, assets, or both. Debt may be paid in order of priority based on preferred claims to assets specified by the security. Security holders may be able to choose the form of liquidation distribution.

Euroclear glossary. 2008.

Look at other dictionaries:

  • liquidation proceedings — ( interim payment) Euroclear Clearing and Settlement glossary liquidation / liquidating dividend Euroclear Clearing and Settlement glossary Distribution of cash, assets, or both. Debt may be paid in order of priority based on preferred claims to… …   Financial and business terms

  • liquidation — Occurs when a firm s business is terminated. assets are sold, proceeds are used to pay creditors, and any leftovers are distributed to shareholders. Any transaction that offsets or closes out a long or short position. Related: buy in, evening up …   Financial and business terms

  • liquidation — (interim payment) liquidating dividend / liquidation proceedings Distribution of cash, assets, or both. Debt may be paid in order of priority based on preferred claims to assets specified by the security. Security holders may be able to choose… …   Euroclear glossary

  • liquidation — index aberemurder, assassination, cancellation, composition (agreement in bankruptcy), discharge (payment), dispatch (act of putting to death) …   Law dictionary

  • liquidation — The act or process of settling or making clear, fixed, and determinate that which before was uncertain or unascertained. Payment, satisfaction, or collection; realization on assets and discharge of liabilities. To clear away (to lessen) a debt.… …   Black's law dictionary

  • liquidation — The extinguishment of a debt by payment. Flecker v Bank of United States (US) 8 Wheat 338, 5 L Ed 631. The ascertainment of the amount of a debt or demand by agreement or by legal proceedings. In a more common sense of the term, the winding up of …   Ballentine's law dictionary

  • voluntary liquidation — liquidation proceedings that are supported by a company s shareholders. Bloomberg Financial Dictionary Usually relates to an insolvent company and is started by a resolution of its shareholders. HM Customs & Revenue Glossary * * * voluntary… …   Financial and business terms

  • bankruptcy proceedings — General term for the various types of proceedings under the Bankruptcy Code (11 U.S.C.A.) that are initiated either by an insolvent individual or business (termed a voluntary bankruptcy) or by creditors (termed an involuntary bankruptcy) seeking… …   Black's law dictionary

  • Motors Liquidation Company — logo Motors Liquidation Company (MLC), formerly MTLQQ on OTC Pink, was the company left to settle past liability claims from General Motors Chapter 11 reorganization. It exited bankruptcy on 31 March 2011 only to be carved into four trusts; the… …   Wikipedia

  • dividend in liquidation — A payment made to creditors in a bankruptcy proceeding. 9 Am J2d Bankr § 1262. A payment made to creditors in insolvency proceedings. A distribution to stockholders in a corporation or members of a firm or business enterprise of the fund… …   Ballentine's law dictionary

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