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Also found in: Financial | 0.06 sec. |
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? References in periodicals archive |
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The Board also declared a cash dividend on its 8 percent Series C cumulative redeemable perpetual preferred stock ($25 liquidation value per depositary share, each representing 11100'h of a share of preferred stock) equal to $0. Liquidation value is the amount of cash that would have been received for the partnership interest had the partnership sold all of its assets--both tangible and intangible--for cash, immediately after the partnership interest was issued. Advance rates for asset-based lending deals historically were based on the forced liquidation value of the borrower's inventory--how much the inventory would bring if it were sold in bulk to wholesalers, competitors or liquidators. |
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