involuntary liquidation
61bankruptcy — / bæŋkrʌptsi/ noun the state of being bankrupt ● The recession has caused thousands of bankruptcies. (NOTE: The plural is bankruptcies.) COMMENT: In the UK, bankruptcy is applied only to individual persons, but in the USA the term is also applied …
62payment — The fulfilment of a promise, or the performance of an agreement. A discharge of an obligation or debt, and part payment, if accepted, is a discharge pro tanto. In a more restricted legal sense payment is the performance of a duty, promise, or… …
63ASSIMILATION — ASSIMILATION. In general the sociocultural process in which the sense and consciousness of association with one national and cultural group changes to identification with another such group, so that the merged individual or group may partially or …
