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

译员蓉婧，欧洲知名商学院国际金融专业，专注翻译各种与美国证券法律有关的法律文件。