Company Debts

Creditors' Voluntary Liquidation (CVL)
Creditors' Voluntary Liquidation (CVL) is a process whereby the directors of a company make the decision to voluntarily liquidate the company to pay off its debts, with the creditors actively participating in and overseeing the liquidation process.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.