Definition: A responsibility or obligation that someone has, often related to money or debts.

Example: The company has a liability to pay its employees on time.

Definition: A person or organization that gives permission to someone else to use something, usually under specific conditions.

Example: The licensor allowed the company to use their software for a fee.

Definition: A legal right that allows a lender to keep or sell a borrower's property if the borrower does not repay a debt.

Example: The bank placed a lien on the house after the owner failed to make mortgage payments.

Definition: A fee or charge for transporting goods using a lighter, which is a type of boat used to carry cargo to and from larger ships.

Example: The company had to pay a lighterage fee for the goods transported to the port.

Definition: The currency unit of Eswatini, which is subdivided into 100 cents.

Example: The price of the book is 150 lilangeni.

Definition: Restricted in amount, extent, or scope; not unlimited.

Example: The project had a limited budget, so we had to be careful with our spending.

Definition: A type of train or bus that has restricted stops or services compared to regular services.

Example: The limited train arrived at the station on time.

Definition: To convert assets into cash by selling them, often to pay off debts or settle obligations.

Example: The company had to liquidate its assets to pay off its creditors.

Definition: To turn assets into cash or to pay off debts and obligations.

Example: The company had to liquidate its assets to pay off its creditors.

Definition: Describing something that has been settled or resolved, often in a legal or financial context, indicating that it is no longer in dispute or has been finalized.

Example: The company's assets were liquidated after it went bankrupt.

Definition: To close down a business or sell off its assets, often to pay debts.

Example: The company was liquidated after failing to recover from its financial losses.

Definition: The act of selling off a company's assets to pay debts or to close the business.

Example: The company went through liquidation to settle its debts after failing to make a profit.

Definition: A person who is responsible for closing down a company and selling its assets to pay off debts.

Example: The liquidator was hired to manage the sale of the company's remaining assets.