Difference between revisions of "Liquidation"
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'''Liquidation''' is a sale of a [[debtor]]'s property with the proceeds to be used for the benefit of [[creditor]]s. [[Category:Legal Terms]] | '''Liquidation''' is a sale of a [[debtor]]'s property with the proceeds to be used for the benefit of [[creditor]]s. [[Category:Legal Terms]] | ||
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| + | From the perspective of [[free market economics]], "Liquidation requires the costly but necessary adaption and transfer of [[resources]] and [[labor]] to purposes for which there is genuine [[demand]]." [http://www.thefreemanonline.org/columns/tgif/progressive-intolerance/] [[Category:Economics Terms]] | ||