Liquidate and Liquidated damages: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Add definition. Source: Linked pages)
 
imported>Doug Williamson
(Add heading.)
 
Line 1: Line 1:
1.  
''Law - contract - remedies''.


To sell the assets of a company (or other entity) in order to pay off debts, commonly involving the winding up of the entity.
A liquidated damages clause in a contract stipulates the damages payable in the event of breach.


 
A common example is liquidated damages in the event of delay.
2.
 
To close a market position, for example by selling an asset for cash.
 
 
3.
 
To turn any other asset - including the proceeds of crime - into cash.
 
 
:<span style="color:#4B0082">'''''Frauds made easier by technology'''''</span>
 
:"The frauds in Romania and the UK were both... made easier by technology (electronic payments can be liquidated more quickly and easily than cheques)."
 
:''The Treasurer magazine, March 2017, p39 - Lesley Meall, freelance journalist specialising in technology and finance.''
 
 
4.  ''Law - contract - remedies - damages''.
 
Liquidated damages are an amount of damages quantified in money terms.
 
Unliquidated damages are damages where the amount has not been quantified.




== See also ==
== See also ==
* [[Forced sale]]
* [[Breach]]
* [[Liquid]]
* [[Contract]]
* [[Liquidated damages]]
* [[Damages]]
* [[Liquidation]]
* [[Penalty clause]]
* [[Liquidity]]
* [[Remedy]]
* [[Side pocket]]
* [[Winding-up]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Treasury_operations_infrastructure]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 09:44, 14 December 2019

Law - contract - remedies.

A liquidated damages clause in a contract stipulates the damages payable in the event of breach.

A common example is liquidated damages in the event of delay.


See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Liquidate&oldid=30343’