Welcome to the 1520 Perfect Dictionary
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| Liquidation (1) | |
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| LIQUIDATION (1) Definition: The action of closing a business and selling everything it owns in order to pay debts. ______________________________________________________________________ * All seven elements should be in. 1. Purposeful and necessary. 2. Debts are confirmed genuine. 3. All options or alternatives to reschedule or postpone repayments have been exhausted. 4. Sale is conducted timely. And the proceeds are received promptly. 5. What is earned is the maximum possible from the assets disposed. 6. Balance funds, if any, from earnings, especially after settling of debts, is judiciously utilized. 7. Act serves purpose(s). That is, debts are totally offset from proceeds of sales, without needing to go further 'a-borrowing'. ________________________ See perfect LOSS (3). See perfect DEBT (2). | |
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1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way. |
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 1520 Sex Game |
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 1520 Marriage Game |