Liquidation Definitions Liquidation- Is to pay off (a debt, a claim, or an obligation); settle. To settle the affairs of (a business firm, for example) by determining the liabilities and applying the assets to their discharge. Assets can include cash, stock, inventories, property rights, and goodwill. The entire property owned by a person, especially a bankrupt, which can be used to settle debts.Asset Approach- Business valuation method based on the net assets value of a going concern.In accounting, 'fixed' does not necessarily mean 'immovable;' any asset expected to last, or be in use for, more than one year is considered a fixed asset.Forced Liquidation- Auctioning of a debtor's assets by its creditors, upon obtaining court orders to the effect. Inactive Inventory- Stock of items not sold or used within a certain period.Fixed Asset- Land, buildings, equipment, machinery, vehicles, leasehold improvements, and other such items.
Consultant- Experienced professional who provides expert knowledge (often packaged under a catchy name) for a fee.Fire Sale- Liquidation of a firm's assets at prices far below their fair market value (FMV) to achieve a quick sale, either to avoid a financial disaster or to satisfy the debts of an insolvent or bankrupt firm.Banks and other lenders usually value a firm assets at their fire sale value to judge their worth as collateral.Complete Contents: 435 Rooms, Conference Centers, Banquet Rooms, Fitness Center, Kitchen, Restaurants, Linens, Commercial Laundry, Chandeliers, Beds, Chairs, Decor, Supplies, TVs, Computers, HVAC Units, Glassware, Serving Utensils, & Much More. To settle the affairs of a business or an estate by disposing of its assets and liabilities.