Definition: Process of converting assets into cash. In asset-based finance, the process of turning collateral into cash is often tedious, painful, and expensive. Definition: [crh] Occurs when a firm's business is terminated. Assets are sold, proceeds are used to pay cDefinition: reditors, and any leftovers are distributed to shareholders. Any transaction that offsets or closes out aDefinition: long or short position. Related: Buy in, evening up, offsetDefinition: > liquidity.

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