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There is "liquidation" in a legal sense; the company would no longer exist.
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So there's liquidation of debt where people don't pay.
What Mellon left out, but knew intimately, was that in order for there to be liquidation, there had to be buyers on the other side who saw opportunity where the sellers did not.
Another word of choice is "liquidation".
OK, it is liquidation, but when?
The closest example that there is of a controlled liquidation of a giant financial firm, Royal Bank of Scotland, has been slow and painful in the extreme.In fact GE stands a fair chance of putting its finance arm to sleep on time.
"I think there is no liquidation at all with any of the two parties involved.
(Once again, typical of almost all venture rounds, there is a liquidation preference, but it slides up or down based on a key metric and gets nowhere near 4x).
In practice, there is a positive liquidation period, usually a few days, between the default of a party and the liquidation of its portfolio.
The alternative would be liquidation.
Smaller herds will eventually put a floor under hog prices, and there is already some liquidation going on.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com