- liquidating trust
- A trust, the object of which is liquidation as soon as possible. Helvering v. Washburn, C.C.A.Minn., 99 F.2d 478
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
liquidating trust — A trust, the purpose of which is liquidation as soon as the circumstances will permit, albeit it may be carrying on a business, where the engagement in business is incidental and necessary to the preservation of assets. Helvering v Washburn (CA… … Ballentine's law dictionary
liquidating trust — A trust, the object of which is liquidation as soon as possible. Helvering v. Washburn, C.C.A.Minn., 99 F.2d 478 … Black's law dictionary
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liquidate — liq·ui·date / li kwə ˌdāt/ vb dat·ed, dat·ing vt 1: to determine by agreement or litigation the precise amount of; also: to settle (a debt) by payment or other adjustment 2 a: to determine the liabilities and apportion the assets of esp. in… … Law dictionary