Definition and Citations:
Entity defunct or soon to be defunct. Goodwill value is gone. Worth of any tangible assets is now tied to auction or liquidation. Debt is now due, full and immediate. Also refer to going concern.
Entity defunct or soon to be defunct. Goodwill value is gone. Worth of any tangible assets is now tied to auction or liquidation. Debt is now due, full and immediate. Also refer to going concern.