Self liquidating magazines
Since 1975, our management team works with Banks, Retailers, Bankruptcy Courts, Trustees, Manufacturers, and Lenders. For over-the-counter stocks, the asking price is the best quoted price at which a Market Maker is willing to sell a stock.We make cash purchases or run commission based disposition sales in Retail, Industrial, Wholesale, Motorsports & Equipment. For mutual funds, the asking price is the net asset value plus any sales charges. Assets- Accounting the entries on a balance sheet showing all properties, both tangible and intangible, and claims against others that may be applied to cover the liabilities of a person or business.Liquidation Definitions Liquidation- Is to pay off (a debt, a claim, or an obligation); settle. To settle the affairs of (a business firm, for example) by determining the liabilities and applying the assets to their discharge. Assets can include cash, stock, inventories, property rights, and goodwill. The entire property owned by a person, especially a bankrupt, which can be used to settle debts.Asset Approach- Business valuation method based on the net assets value of a going concern.
Commission- The fee charged to the seller by the auctioneer for providing services, usually a percentage of the gross selling price of the property established by contract (the listing agreement) prior to the auction.Bill of Lading (B/L)- Document issued by a carrier, or its agent, to the shipper as a contract of carriage of goods.It is also a receipt for cargo accepted for transportation, and must be presented for taking delivery at the destination.Discount- Deduction from the face amount of an invoice, made in advance of its payment. Due Diligence- The process of gathering information about the condition and legal status of assets being sold.Equity- Is the difference in value between a person's debts and the value of the property on which they are secured.