| 词汇 | compulsory-liquidation |
| 释义 | compulsory liquidation noun[ C or U ] ukus(alsoforced liquidation) LAW a situation in which a company must stop operating and sell all its assets in order to pay its debts: force/place/put into compulsory liquidationThe technology company is expected to be placed in compulsory liquidation next week. See also involuntary liquidation Compare voluntary liquidation Examples of compulsory liquidationcompulsory liquidation Huge debts had been built up and the businesses were subject to compulsoryliquidation. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. As its names imply, applications for compulsoryliquidation are normally made by creditors of the company when the company is unable to pay its debts. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Alternatively, a creditor can petition the court for a winding-up order which, if granted, will place the company into what is called compulsoryliquidation or winding up by the court. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Otherwise, a compulsoryliquidation may be initiated by either the directors, the company, some shareholders or creditors bringing a petition for winding up to the court. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. A company often goes into compulsoryliquidation because the directors are ignorant and incompetent. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 A creditor has presented a petition to the court for the compulsoryliquidation of the company. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 I have never been a director of any company which has gone into compulsoryliquidation. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 I have also set it the target of reducing administrative costs of bankruptcy and compulsoryliquidation case administration in 1998–99 by 1%. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 The aim throughout these proposals seems to be that instead of compulsoryliquidation the company should go into voluntary liquidation or have an administrator appointed. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 As a result, critics were able to say that the rogues would escape before compulsoryliquidation. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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