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Liquidation is the process in accounting by which a company is brought to an end. The assets and property of the business are redistributed. When a firm has been liquidated, it is sometimes referred to as wound-up or dissolved, although dissolution technically refers to the last stage of liquidation.
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A computer liquidator buys computer technology and related equipment that is no longer required by one company, and resells ("flips") it to another company. Computer liquidators are agents that act in the computer recycling, or electronic recycling, business.
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Jan 5, 2024 · By "liquidating," or selling off, assets on an auction website, companies earn cash to pay off creditors, and buyers can find some great deals. Liquidation websites also auction off items that are returned by customers and can't be resold in stores due to damaged packaging or other issues.