Welcome to the 1520 Perfect Dictionary
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| Liquidation (2) | |
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| LIQUIDATION (2) Definition: (finance) The action of selling something in order to get money. ______________________________________________________________________ * All seven elements should be in. 1. Purposeful and necessary. 2. Thing is fully owned and/or possessed by seller(s). 3. Other option(s), if any, of raising funds are not available or are considered unwise or not prudent. 4. Selling price for which item is disposed is the maximum possible at the time of sale. And seller was not shortchanged in a transaction. 5. Acceptance of offer and payment is made timely. 6. Money received from sales is prudently made use of. That is, act serves purpose(s), as exactly hoped or planned for, without an unplanned loss. 7. There will be no desire to repurchase or reacquire the exact thing that had been earlier sold, on getting back into prosperous state. _____________________________ See perfect DESPERATION. | |
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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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