The term liquidate refers to pay off a debt, a claim or an obligation or to settle the affairs by determining liabilities and applying assets to their discharge. What is also converted by the term? | MCQ Hive

Economics Mcqs

Q The term liquidate refers to pay off a debt, a claim or an obligation or to settle the affairs by determining liabilities and applying assets to their discharge. What is also converted by the term?

A A. to convert assets into cash
B B. abolish
C C. both of them
D D. all of them

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