- liquidation of a partnership
- dissolution of a partnership
English contemporary dictionary. 2014.
liquidation of a partnership
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liquidation of the partnership — stoppage of cooperative activity and realization of its properties … English contemporary dictionary
Partnership taxation in the United States — The rules governing partnership taxation, for purposes of the U.S. Federal income tax, are codified as Subchapter K of Chapter 1 of the U.S. Internal Revenue Code (Title 26 of the United States Code). Partnerships are flow through entities. Flow… … Wikipedia
Partnership accounting — When two or more individuals engage in an enterprise as co owners, the organization is known as a partnership. This form of organization is popular among personal service enterprises, as well as in the legal and public accounting professions. The … Wikipedia
liquidation — The extinguishment of a debt by payment. Flecker v Bank of United States (US) 8 Wheat 338, 5 L Ed 631. The ascertainment of the amount of a debt or demand by agreement or by legal proceedings. In a more common sense of the term, the winding up of … Ballentine's law dictionary
liquidation of partnership — See liquidation … Ballentine's law dictionary
General partnership — In the commercial and legal parlance of most countries, a general partnership or simply a partnership, refers to an association of persons or an unincorporated company with the following major features:*Created by agreement, proof of existence… … Wikipedia
dissolution of partnership — That change in the partnership relation which ultimately culminates in its termination. The change of the relation of partners caused by any partner s ceasing to be associated in the carrying on of the business. 48 Am J1st Partn § 233.… … Ballentine's law dictionary
profits interest — USA partnership interests (or interests of an entity that is treated as a partnership for tax purposes such as the membership interests of an LLC) can be divided into a capital interest and a profits interest. A profits interest is a right to… … Law dictionary
equity of partner — The right to have the partnership assets applied in liquidation of the partnership debts before any one of the partners or his creditors can claim any right or title to them, and to have the surplus assets divided among the members of the firm.… … Ballentine's law dictionary
Resolution Trust Corporation — The Resolution Trust Corporation (RTC) was a United States Government owned asset management company charged with liquidating assets (primarily real estate related assets, including mortgage loans) that had been assets of savings and loan… … Wikipedia
