Liquidator
/ˈlɪkwɪˌdeɪtər/
Definitions
- (n.) A person appointed to wind up the affairs of a company or organization by selling assets, paying debts, and distributing any remaining funds to shareholders or members.
The liquidator sold the company’s assets to pay creditors.
- (n.) An officer authorized to dissolve a partnership, estate, or trust by collecting and distributing assets.
The estate’s liquidator managed the distribution of the deceased’s property.
Forms
- liquidators
Related terms
See also
Commentary
A liquidator’s role varies by jurisdiction and context but typically involves impartial management of asset realization and creditor payments during dissolution.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.