liquidation dividend

A dividend paid to a dissolving corporation’s shareholders, usu. from the capital of the corporation, upon the decision to suspend all or part of its business operations.

— Also termed liquidating dividend. [Cases: Corporations 629. C.J.S. Corporations §§ 875–878.]

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词条贡献者

资深译员王漾，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与税收策略及补贴有关的法律文件。