Remittance vs Liquidation - What's the difference?
remittance | liquidation | Related terms |
The act of exchange of an asset of lesser liquidity with a more liquid one, such as cash.
The selling of the assets of a business as part of the process of dissolving the business.
Remittance is a related term of liquidation.
As nouns the difference between remittance and liquidation
is that remittance is a payment to a remote recipient while liquidation is the act of exchange of an asset of lesser liquidity with a more liquid one, such as cash.liquidation
English
Noun
(en noun) (wikipedia liquidation)- The store is having a liquidation sale, everything must go as they go out of business.