| 单词 | compulsory liquidation |
| 释义 | compulsory liquidation noun[CorU] ukus(alsoforced liquidation)LAW asituationin which acompanymuststopoperatingandsellallitsassetsinordertopayitsdebts: force/place/put into compulsory liquidationThetechnologycompanyisexpectedto beplacedincompulsoryliquidationnextweek. See also involuntary liquidation Compare voluntary liquidation Examplesofcompulsory liquidationcompulsory liquidation Huge debts had been built up and the businesses were subject tocompulsoryliquidation. From Wikipedia  This example is from Wikipedia and may be reused under a CC BY-SA license.As its names imply, applications forcompulsoryliquidationare normally made by creditors of the company when the company is unable to pay its debts. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Alternatively, a creditor can petition the court for a winding-up order which, if granted, will place the company into what is calledcompulsoryliquidationor winding up by the court. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Otherwise, acompulsoryliquidationmay be initiated by either the directors, the company, some shareholders or creditors bringing a petition for winding up to the court. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.A company often goes intocompulsoryliquidationbecause the directors are ignorant and incompetent. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0 A creditor has presented a petition to the court for thecompulsoryliquidationof the company. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0 I have never been a director of any company which has gone intocompulsoryliquidation. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0 I have also set it the target of reducing administrative costs of bankruptcy andcompulsoryliquidationcase administration in 1998–99 by 1%. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0 The aim throughout these proposals seems to be that instead ofcompulsoryliquidationthe company should go into voluntary liquidation or have an administrator appointed. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0 As a result, critics were able to say that the rogues would escape beforecompulsoryliquidation. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0 These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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