Ts liquidating company inc
For example, if the asset value per share is higher than the market price for a share then the stock could be considered undervalued.Bill of Lading (B/L)- Document issued by a carrier, or its agent, to the shipper as a contract of carriage of goods.Certified Check- Check guaranteed by its issuing bank that (1) it carries genuine signature, and (2) it will be paid when presented for payment.
Discount- Deduction from the face amount of an invoice, made in advance of its payment. Due Diligence- The process of gathering information about the condition and legal status of assets being sold.
It serves as a proof of ownership (title) of the cargo, and may be issued either in a negotiable or non-negotiable form.
In negotiable form, it is commonly used in letter of credit transactions, and may be bought, sold, or traded; or used as security for borrowing money.
Commission- The fee charged to the seller by the auctioneer for providing services, usually a percentage of the gross selling price of the property established by contract (the listing agreement) prior to the auction.
Conditions of Sale- the legal terms that govern the conduct of an auction; including: acceptable methods of payment, terms, buyer's premiums, possession, reserves and any other limiting factors of an auction.We make cash purchases or run commission based disposition sales in Retail, Industrial, Wholesale, Motorsports & Equipment. For mutual funds, the asking price is the net asset value plus any sales charges. Assets- Accounting the entries on a balance sheet showing all properties, both tangible and intangible, and claims against others that may be applied to cover the liabilities of a person or business.Liquidation Definitions Liquidation- Is to pay off (a debt, a claim, or an obligation); settle. To settle the affairs of (a business firm, for example) by determining the liabilities and applying the assets to their discharge. Assets can include cash, stock, inventories, property rights, and goodwill. The entire property owned by a person, especially a bankrupt, which can be used to settle debts.A certified check is a cash equivalent, and normally its payment cannot be prevented by a stop payment order.