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Liquidation is the process by which an entity converts its assets to cash or other assets and settles its obligations with creditors in anticipation of ceasing all operating activities. During liquidation, assets not used to settle creditors' claims are distributed to the entity's owners.
The liquidation of a loan can be either by way of payment in full, a disposition, a refinance or a compromise. In addition it can also be a sale to a charged Off Loan Purchaser or any other means of liquidation of such Loan.
What is liquidation? The process of permanently closing a bank and its branches, selling off any assets and using the proceeds to settle as many of the bank's remaining liabilities as possible.
Liquidation is the process of converting a company's assets into cash, and using those funds to repay, as much as possible, the company's debts. Liquidation results in the company being shut down.
Getting Help Liquidating Your Company's Assets Pay a business broker a fee to sell off your assets. File bankruptcy, in which case the a bankruptcy trustee will sell your assets and pay off your creditors with the proceeds. Assign your assets and debts to a company that specializes in liquidating businesses.
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Recall that GTBank USSD can be used to apply for a quick credit loan. The same USSD code can be used to Liquidate the loan. All you need to do is dial *737*51*55# on your phone then follow all the instructions by providing relevant information and proceeding.
When a business closes and sells all of its merchandise because it is bankrupt, this is an example of liquidation. When you sell your investment to free up the cash, this is an example of liquidation of the investment. The selling of the assets of a business as part of the process of dissolving the business.
Accordingly, a Liquidated Loan means a Loan which has been liquidated or paid back. The liquidation of a loan can be either by way of payment in full, a disposition, a refinance or a compromise. In addition it can also be a sale to a charged Off Loan Purchaser or any other means of liquidation of such Loan.
Liquidation generally refers to the process of selling off a company's inventory, typically at a big discount, to generate cash. In most cases, a liquidation sale is a precursor to a business closing. Once all the assets have been sold, the business is shut down.
Related Definitions Liquidation Principal . The principal portion of Liquidation Proceeds received with respect to each Mortgage Loan which became a Liquidated Mortgage Loan (but not in excess of the principal balance thereof) during the Prior Period.

liquidation letter to bank