The amount of capital that is returned to the investor or business owner when a business is liquidated.
Corporations can fold either by dissolution or complete liquidation.
The amount reported on a 1099-DIV represents the return of a shareholder’s investment.
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co.
The company said it will start the sale of the merchandise, furniture, fixtures and equipment at its stores and distribution centers on Saturday.
It is the latest brick-and-mortar chain to buckle under due to industry changes from the rise of online shopping.
Search for liquidating distribution:
has eaten away at sales of almost every traditional retailer.