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You can't liquidate a city".
They would be liquidated under his plan, much the way a bankruptcy court might liquidate an unprofitable enterprise.
But I do think they're anxious to find ways to liquidate their liability.
Sec. 7. The said commission shall submit to the governor, at the earliest day practicable, a complete inventory of all property received by them, with a statement of the liabilities of the state dispensary, and, as soon as the affairs are liquidated, a report in full of their actings and doings.
And just last year, you liquidated a $68,000 retirement fund.
In a worst case scenario, if a parent liquidates an IRA to pay for college, he not only creates a tax liability that will make it even harder to pay for college, but he takes money out of an asset that was exempt from the calculation in the first place.
Instead, it rewards the person who liquidates an investment.
The contract is understood to have stipulated a liability of £30,000 in liquidated damages, should Fallon fail to honour its terms.
They're a liability.
"He becomes a liability".
He is a liability.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com