TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

ONE-PAYMENT LIQUIDATION [1 record]

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Filter results by subject field

Alphabetical list of terms

Record 1 1984-05-10

English

Subject field(s)
  • Bankruptcy
  • Financial Accounting
CONT

If the liquidation process does not take long, the firm will try to settle with the partners in one payment ... For a one-payment liquidation, there are two rules to observe: 1. Before any partner is entitled to any payments, all creditors must be paid in full. 2. Before any cash is distributed to any partner, the entire actual loss or gain from the disposal of assets must be distributed to the partner's account ...

French

Domaine(s)
  • Faillites
  • Comptabilité générale

Spanish

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