estate liquidation!

estate liquidation

Comprehensive Analysis

1) "Estate" -- As to estate liquidation 1es·tate Pronunciation: i-'stAt Function: noun Etymology: Middle English estat, from Anglo-French -- more at STATE 1 : STATE, CONDITION 2 : social standing or rank especially of a high order 3 : a social or political class; specifically : one of the great classes (as the nobility, the clergy, and the commons) formerly vested with distinct political powers 4 a : the degree, quality, nature, and extent of one's interest in land or other property b (1) : POSSESSIONS, PROPERTY; especially : a person's property in land and tenements <a man of small estate> (2) : the assets and liabilities left by a person at death c : a landed property usually with a large house on it d British : PROJECT 4 5 British : STATION WAGON 6 : FARM, PLANTATION; also : VINEYARD Pronunciation Symbols Estate may refer to: Estate (law), a term used in common law to signify the total of a person's property, entitlements and obligations Immovable Property, Real Estate or Real Property Estate (house) may mean the grounds surrounding any very large property, such as a country house or mansion Estate (area), (mostly UK), refers to a defined area of housing in a common style Station wagon, "Estate car", in British English a car body style Estates of the realm, i.e. nobility, clergy, and commoners. The Press is often referred to as the Fourth Estate States-General, may refer to one or more parliaments cs estate, a map for the game Counter-Strike ..." 2) "Liquidation" -- As to estate liquidation liq·ui·date Pronunciation: 'li-kw&-"dAt Function: verb Inflected Form(s): -dat·ed; -dat·ing Etymology: Late Latin liquidatus, past participle of liquidare to melt, from Latin liquidus transitive verb 1 a (1) : to determine by agreement or by litigation the precise amount of (indebtedness, damages, or accounts) (2) : to determine the liabilities and apportion assets toward discharging the indebtedness of b : to settle (a debt) by payment or other settlement 2 archaic : to make clear 3 : to do away with 4 : to convert (assets) into cash intransitive verb 1 : to liquidate debts, damages, or accounts 2 : to determine liabilities and apportion assets toward discharging indebtedness - liq·ui·da·tion /"li-kw&-'dA-sh&n/ noun Pronunciation Symbols In law, liquidation refers to the process by which a company is brought to an end, and the assets and property of the company redistributed. Liquidation can also be referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation. Liquidation may either be compulsory (sometimes referred to as a creditors' liquidation) or voluntary (sometimes referred to as a shareholders' liquidation, although some voluntary liquidations are controlled by the creditors, see below). In finance, liquidation is also sometimes used as convenient shorthand for converting an asset to cash. 1 Compulsory liquidation 1.1 Grounds 1.2 The order 2 Voluntary liquidation 3 Misconduct 4 Priority of claims 5 Dissolution 6 Striking off the Register 7 See also 8 Footnotes The parties who are entitled by law to petition for the compulsory liquidation of a company vary from jurisdiction to jurisdiction, but generally, a petition may be lodged with the court for the compulsory liquidation of a company by: the company itself any creditor who establishes a prima facie case contributories[1] the Secretary of State (or equivalent) the Official Receiver The grounds upon which one can apply for a compulsory liquidation also vary between jurisdictions, but the normal grounds to enable an application to the court for an order compulsorily wind-up the company are: the company has so resolved the company was incorporated as a public company, and has not been issued with a trading certificate (or equivalent) within 12 months of registration it is an "old public company" (ie. one th..." 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