👉 Liquidating is a legal process in which an entity, such as a company or individual, sells its assets to pay off debts or reduce liabilities. This process typically involves selling stock, bonds, or other securities of the business, and transferring ownership of the remaining assets from the seller to the buyer. The goal of liquidation is to minimize the amount of debt owed and maximize shareholder value by disposing of the company's assets in a fair and orderly manner.
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