TERMIUM Plus®

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

TERMS LIQUIDATION [5 records]

Record 1 2015-02-18

English

Subject field(s)
  • Commercial and Other Bodies (Law)
  • Bankruptcy
  • Foreign Trade
DEF

The termination ... of a business by the conversion of its assets into cash, and distribution of the proceeds, first to the creditors in their order of preference, and the remainder, if any, to the owners in proportion to their holdings.

OBS

liquidation; winding up :terms and text reproduced from The Encyclopedia of Banking and Finance, Tenth Edition(1993), by Glenn G. Munn, F. L. Garcia and Charles J. Woelfel, with the permission of the copyright holder, The McGraw-Hill Companies Inc. In no event shall McGraw-Hill have any liability to any party for special, incidental, tort, or consequential damages arising out of or in connection with the use of this material.

French

Domaine(s)
  • Organismes commerciaux ou non (Droit)
  • Faillites
  • Commerce extérieur
DEF

Procédure reliée à la dissolution d'une entreprise consistant en l'ensemble des opérations qui sont nécessaires pour mettre un terme à son activité, réaliser son actif, éteindre son passif et dégager la somme que le liquidateur pourra répartir entre les associés ou actionnaires.

Spanish

Campo(s) temático(s)
  • Organismos comerciales y otros (Derecho)
  • Quiebras
  • Comercio exterior
DEF

Proceso que consiste en rematar los activos de la empresa. Una vez vendidos los activos, se procede al pago de las deudas existentes (pasivos) con los fondos provenientes de esas ventas.

Save record 1

Record 2 1998-10-27

English

Subject field(s)
  • Loans
DEF

In the case of the liquidation of a company, this loan ranks behind all other creditors, but in front of those of the ordinary shareholders. Such a loan may be a bank loan or a loan given by the directors. Such loans are arranged when a business is in its infancy and is intended to reassure the trade and other creditors, so that there is no liquidity problem and credit terms are available. [Klein, Gerald. Dictionary of Banking. Pitman Publishing, 1995].

French

Domaine(s)
  • Prêts et emprunts
DEF

Emprunt qui, en cas de liquidation, occupe le rang d'exigibilité juste avant le capital, donc après toutes les dettes privilégiées et autres.

Spanish

Save record 2

Record 3 1990-10-31

English

Subject field(s)
  • Currency and Foreign Exchange
CONT

During World War I most countries suspended the redeemability of their currencies into gold..., withdrew gold coins from circulation, and concentrated gold holdings in official reserves. The currencies of most belligerent countries did not, however, depreciate by much in terms of gold and the dollar because of official pegging operations supported by gold sales, foreign borrowing, liquidation of assets abroad, and imposition of some import and exchange controls. At the end of the war the United States was virtually the only country on a full gold standard.

Key term(s)
  • full gold coin standard

French

Domaine(s)
  • Politique monétaire et marché des changes

Spanish

Save record 3

Record 4 1976-06-19

English

Subject field(s)
  • Loans

French

Domaine(s)
  • Prêts et emprunts

Spanish

Save record 4

Record 5 1975-03-11

English

Subject field(s)
  • Trade

French

Domaine(s)
  • Commerce

Spanish

Save record 5

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