involuntary liquidation
noun[U]
LAWukusasituationin which acompanyisforcedby acourtoflawtostopdoingbusinessbecause itowesmoneyand cannotpayitsdebts:
Involuntaryliquidationhappensmainlyat theinitiationof anymemberof thecompany.
| 单词 | involuntary liquidation |
| 释义 | involuntary liquidation noun[U] LAWukusasituationin which acompanyisforcedby acourtoflawtostopdoingbusinessbecause itowesmoneyand cannotpayitsdebts: Involuntaryliquidationhappensmainlyat theinitiationof anymemberof thecompany. |
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