liquidator

liquidator
a qualified person appointed by a court to close down a business that is a proprietary company and realise and distribute its assets in payment of its liabilities. Glossary of Business Terms
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Person appointed by an unsecured creditor in the United Kingdom to oversee the sale of an insolvent firm's assets and the repayment of its debts. Bloomberg Financial Dictionary
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The person responsible for winding up a company, converting its assets into cash and distributing those assets to investors according to a legally defined priority, starting with creditors and ending with ordinary shareholders. Dresdner Kleinwort Wasserstein financial glossary

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liquidator liq‧ui‧da‧tor [ˈlɪkwdeɪtə ǁ -ər] noun [countable usually plural] FINANCE
a professional person or organization whose job is liquidating companies in financial difficulty; = RECEIVER:

• The liquidators are unlikely to pay more than 10 cents on every dollar owed by the failed bank.

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liquidator UK US /ˈlɪkwɪdeɪtər/ US  /-ṱɚ/ noun [C]
► LAW, FINANCE an official person or organization that is given the job of closing a company, by selling its assets so that its debts can be paid: »

The liquidator appointed an expert to value the company's machinery.

→ Compare RECEIVER(Cf. ↑receiver)

Financial and business terms. 2012.

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Look at other dictionaries:

  • Liquidator — may refer to one of the following:*Liquidator (law), a person appointed to oversee the liquidation of a company *The Liquidator, a supervillain in the animated Disney television series Darkwing Duck *Liquidator (Chernobyl), a person who took part …   Wikipedia

  • liquidator — liq·ui·da·tor / li kwə ˌdā tər/ n: one that liquidates; esp: an individual appointed by law to liquidate assets compare receiver Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Liquidator — Liq ui*da tor (l[i^]k w[i^]*d[=a] t[ e]r), n. [Cf. F. liquidateur.] 1. One who, or that which, liquidates. [1913 Webster] 2. An officer appointed to conduct the winding up of a company, to bring and defend actions and suits in its name, and to do …   The Collaborative International Dictionary of English

  • Liquidator — (lat.), s. Liquidation …   Meyers Großes Konversations-Lexikon

  • liquidator — 1825, agent noun in Latin form from LIQUIDATE (Cf. liquidate) …   Etymology dictionary

  • liquidator — [lik′wi dāt΄ər] n. a person who liquidates, esp. one legally appointed to liquidate a company, etc …   English World dictionary

  • liquidator — A person appointed by a court, or by the members of a company or its creditors, to regularize the company s affairs on a liquidation (winding up). In the case of a members voluntary liquidation, it is the members of the company who appoint the… …   Accounting dictionary

  • liquidator — A person appointed by a court, or by the members of a company or its creditors, to regularize the company s affairs on a liquidation (winding up). In the case of a members voluntary liquidation, it is the members of the company who appoint the… …   Big dictionary of business and management

  • Liquidator — Person appointed by unsecured creditors in the United Kingdom to oversee the sale of an insolvent firm s assets and the repayment of its debts. The New York Times Financial Glossary * * * liquidator liq‧ui‧da‧tor [ˈlɪkwdeɪtə ǁ ər] noun… …   Financial and business terms

  • Liquidator — In the most general sense, a person or entity that liquidates something. More specifically, a liquidator refers to an officer that is specially appointed to wind up the affairs of a company. The liquidator is legally empowered to act on behalf of …   Investment dictionary

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