the job of realizing assets and paying liabilities is performed by a person
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The job of realizing assets and paying liabilities is done by a liquidator.
- A liquidator is an entity that liquidates the assets of a company and sells them in the open cash market or its equivalent.
- He is usually legally entrusted by the company to act on his behalf.
- The assets are liquidated usually when a firm is winding up its business.
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