Voluntary Liquidation: The legal proceeding that follows a petition of bankruptcy.
Involuntary Liquidation Preference: A premium that must be paid to preferred or preference stockholders if the issuer of the stock is forced into involuntary liquidation.
Voluntary Leave-Layoff: Leave without pay that is taken on a voluntary basis by employees for specified duration. Often used as an alternative to layoff.
Voluntary Export Restraint Arrangement (VER): An arrangement, usually a negotiated bilateral agreement, between countries in which suppliers or their government in an exporting country agree to limit to predetermined levels their export . . . View Full Definition
Voluntary Lien: A lien placed on property with the knowledge and consent of the property owner.
Voluntary Plan: Liquidation proceedings that are supported by a company's shareholders.
Voluntary Reduction In Hours: Allows employees to voluntarily reduce their working hours as well as their pay for a specified duration. Also used as an alternative to layoff.
Voluntary Conveyance: Voluntarily signing over to a lender the property pledged as collateral on a defaulted loan.
Voluntary Adoption Registry: A reunion registry system which allows adoptees, birthparents and biological siblings to locate each other if they wish by maintaining a voluntary list of adoptees and birth relatives.
Liquidation Rights: The rights of a firm's securityholders in the event the firm liquidates.