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Glossary

All
L

Liquidation

When assets are sold to pay off debts. This is done normally when companies file bankruptcy.

More words in the glossary starting with L

Last In First Out (LIFO)
Legal Name of Business
Liability
Lien
Limited Liability Company
Limited Partnership
Line of Credit

Liquidation
Liquidation Value
Liquidity
Loan to Value (LTV)
Lower Cost or Market Cost

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COVID-19
ALERT:

A new round of the Paycheck Protection Program is here. Biz2Credit is giving businesses the chance to apply for this program directly to an SBA-approved lender. Business owners may apply online by creating a Biz2Credit account, where they can submit an application that will be processed by the SBA. Apply Direct.

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