and how can it be illegal?
In: Economics
An “asset” is anything that is owned by a person or company. The closer an asset is to being cash, the more “liquid” that asset is. Of course, cash is a liquid asset, and something like a check that can be easily converted into cash is nearly as liquid. A product made for consumers is less liquid, and the machinery used to make that product would likely be even less liquid than that, assuming the company does not have a current avenue to sell that machinery.
If someone is liquidating assets, they are selling non-cash assets for cash.
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