partial liquidation

A liquidation that does not completely dispose of a company’s assets; esp., a liquidation occurring when some corporate assets are distributed to shareholders (usu. on a pro rata basis) and the corporation continues to operate in a restricted form. [Cases: Internal Revenue 3820. C.J.S. Internal Revenue §§ 398–399, 402.]

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词条贡献者

法律翻译Julie，毕业于一所培养最顶级翻译人才的语言学院，专注翻译各类与欧洲通信法规有关的法律文件。