Liquidation
Defined in 5 dictionaries — Cyclopedic (1922), Ballentine's (1916), Bouvier (1914), Black's (1910), Kinney (1893)
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
A fixed and determinate valuation of things which before were uncertain.
Ballentine's Law Dictionary
James A. Ballentine · 1916
Payment. See 8 Wheat. (U. S.) 338, 5 L. Ed. 631. A winding up of an insolvent corporation or partnership.
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
A fixed and detei’minate valuation of things which before were uncertain.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
The act or process of settling or making clear, fixed, and determinate that which before was uncertain or unascertained. As applied to a company, (or sometimes to the affairs of an individual,) liquidation is used in a broad sense as equivalent to "winding up;" that is, the comprehensive process of settling accounts, ascertaining and adjusting debts, collecting assets, and paying off claims.
A Law Dictionary and Glossary
George C. Kinney · 1893
The act of admitting claims of indebtedness; the winding up of an insolvent firm or company.