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Liquidator
LiquidatorThe liquidator is the person, other than the Official Receiver, responsible for dealing with the winding up of a company. RELATED TERMS-------------------------------------- Liquidator The liquidator is the person, other than the Official Receiver, responsible for dealing with the winding up of a company. Person This word is applied to men, women and children, who are called natural persons. Official civil and canon laws. In the ancient civil law, the person who was the minister of, or attendant upon a magistrate, was called the official. Receiver Chancery practice. A person appointed by a court possessing chan- cery jurisdiction to receive the rents and profits of land, or the profits or produce of other property in dispute. Company An association of a number of individuals for the purpose of carrying on some legitimate business. SIMILAR TERMS-------------------------------------- Liquidated That which is made clear, certain, and manifest; as, liquidated damages, ascertained damages liquidated debt, an ascertained debt, as to amount. A debt is liquidated when it is certain what is due, and how much is due, cum certum est an et quantum debeatur; for although it may appear that something is due, if it does not also appear how much is due, the debt is not liquidated. An unliquidated claim is one which one of the parties to the contract cannot alone render certain. Liquidated damages By this term is understood the fixed amount which a party to an agreement promises to pay to the other, in case he shall not fulfil some primary or principal engagement into which he has entered by the same agreement it differs from a penalty. Liquidation A fixed and determinate valuation of things which before were uncertain. Liquidation value The price that an owner is compelled to accept when a property must be sold without reasonable market exposure. PREVIOUS AND NEXT TERMS-------------------------------------- Liner terms Liner terms refer to the ordinary responsibility of the shipowner under a charterparty to control and pay for the loading, stowage, trimming and discharge of the cargo of the charterer. Liquidated That which is made clear, certain, and manifest; as, liquidated damages, ascertained damages liquidated debt, an ascertained debt, as to amount. A debt is liquidated when it is certain what is due, and how much is due, cum certum est an et quantum debeatur; for although it may appear that something is due, if it does not also appear how much is due, the debt is not liquidated. An unliquidated claim is one which one of the parties to the contract cannot alone render certain. Liquidated damages By this term is understood the fixed amount which a party to an agreement promises to pay to the other, in case he shall not fulfil some primary or principal engagement into which he has entered by the same agreement it differs from a penalty. Liquidation A fixed and determinate valuation of things which before were uncertain. Liquidation value The price that an owner is compelled to accept when a property must be sold without reasonable market exposure. Liquidator Lira The name of a foreign coin. In all computations at the custom house, the lira of Sardinia shall be estimated at eighteen cents and six mills. Act of March 22, 1846. The lira of the Lombardo-Venitian Kingdom, and the lira of Tuscany, at sixteen cents. Act of March 22, 1846. Lis A suit; an action; a controversy in court; a dispute. Lis alibi pendens The defence that a lawsuit is pending elsewhere, between the same parties and concerning the same issues. Lis mota The cause of the suit or action. By this term is understood the commencement of the controversy, and the beginning of the suit. Lis pendens The pendancy of a suit; the time between which it is instituted and finally decided. We thank you for using the Juridical Dictionary to search for Liquidator. If you have a better definition for Liquidator than the one presented here, please let us know by making use of the suggest a term option. This definition of Liquidator may be disputed by other professionals. Our attempt is to provide easy definitions on Liquidator and any other medical topic for the public at large.
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