What is Asset Liquidation.

[Min George]

I have been hearing the term, "Asset Liquidation" in financial circles. What does it actually mean in the world of finances. When is the concept of "Assets Liquidation" applied in the financial world?

 

[Suba]

Asset liquidation is taught in advance accounting which is carried out at the time of company dissolution or bankruptcy where liquidation assets, both tangible and intangible assets, will be liquidated or sold to pay off debts and distributed to shareholders,

 

[Fidelia]

Asset liquidation is simply turning your properties into cash. It simply means selling your assets or properties for money.

 

[Augusta]

This is anything of value that is sold off to pay creditors when a business is closing or restructuring.