Examlex
Someone who is shown a picture of Babe Ruth and then asked to complete the word -ball will be more likely to respond "baseball" than "football" or "basketball," illustrating the effects of:
Extinguishing
The act of putting an end to something, such as extinguishing a debt, a legal obligation, or a fire.
Dissolution
Dissolution is the process of formally ending the existence of a legal entity such as a company or partnership.
Winding Up
The process of dissolving a company by selling its assets, paying off creditors, and distributing the remaining assets to shareholders.
Liquidation
The process of closing a business and distributing its assets to claimants.
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