liquidator
/ˈlɪkwɪdeɪtə(r)/ (bre, ipa) · /ˈlɪkwɪdeɪtər/ (ame, ipa) · /ˈli-kwə-ˌdā-tər/ (ame, mw)
liquidator — noun
- liquidatorsingular
- liquidatorsplural
1. An official, often appointed by a court, whose job is to close down a company by
An official, often appointed by a court, whose job is to close down a company by selling its assets and using the money raised to pay off the company's debts.
The court appointed Valentina as the liquidator for the struggling electronics firm.
appointed by a court as liquidator
As liquidator, Clive sold off the warehouse equipment and paid the staff their final wages.
liquidator's duties: sell assets, pay staff
The company's creditors were relieved when the liquidator announced that most debts would be repaid.
A liquidator must first collect all company assets before distributing money to the creditors.
After the retail chain went bankrupt, the court asked Budi to act as liquidator.
- receiver
Appointed to manage a company's assets to protect a creditor, often with the goal of rescuing the business rather than closing it
- insolvency practitioner
Broader UK term for a professional licensed to handle company insolvency; a liquidator is one type
用法筆記
Usually appointed by a court or a creditors' meeting. The role involves selling assets, paying outstanding debts in a strict order of priority, and dissolving the company.