Liquidation Right

The right of certain stakeholders in a firm to receive the proceeds of the firm's liquidation. Liquidation rights vary according to a hierarchy; that is, interested parties higher in the hierarchy have the right to receive all their proceeds before those lower in the hierarchy. Generally speaking, secured creditors have the highest liquidation rights, followed by general creditors, preferred stockholders, and, finally, common stockholders. See also: Bankruptcy.

单词	liquidation right
释义	Liquidation Right Liquidation Right The right of certain stakeholders in a firm to receive the proceeds of the firm's liquidation. Liquidation rights vary according to a hierarchy; that is, interested parties higher in the hierarchy have the right to receive all their proceeds before those lower in the hierarchy. Generally speaking, secured creditors have the highest liquidation rights, followed by general creditors, preferred stockholders, and, finally, common stockholders. See also: Bankruptcy.
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