Business, Legal & Accounting Glossary

Definition: Dissolution

What is the dictionary definition of Dissolution?

Dictionary Definition

  1. The termination of an organized body or legislative assembly, especially a formal dismissal.
  2. Disintegration, or decomposition into fragments.
  3. Dissolving, or going into solution.

Full Definition of Dissolution

Is the termination of a corporation’s legal existence. Dissolution may be caused many ways including, failure to file annual reports, failure to pay certain taxes, bankruptcy, or voluntary dissolution of the corporation by the shareholders and directors.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Dissolution. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 28, 2021 https://payrollheaven.com/define/dissolution/.
Chicago Manual of Style (CMS):
Dissolution. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/dissolution/ (accessed: September 28, 2021).
American Psychological Association (APA):
Dissolution. PayrollHeaven.com. Retrieved September 28, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/dissolution/

Definition Sources

Definitions for Dissolution are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 25th March, 2020 | 3 Views.