Consolidation


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Related to Consolidation: consolidation test, Debt consolidation, Consolidated financial statements

Consolidation

The combining of two or more firms to form an entirely new entity.

Consolidation

A type of merger in which two or more companies create an entirely new corporate entity and transfer all their assets and liabilities to the new entity. The former companies may continue to exist on paper, but they have no assets or liabilities. For example, the lawyers for the consolidating companies may go the secretary of state and form a new limited liability company (usually by paying a fee of $50 or so). After this is done, all assets and liabilities are given to the new LLC.

consolidation

A combination of two or more firms into a completely new company. Assets and liabilities of the firms are absorbed by the new company. Compare merger.
References in periodicals archive ?
The Consolidation will reduce the number of outstanding Common Shares from approximately 656.
United Airlines considering consolidation options, sees 'pretty flat capacity growth'.
Although it can ease your burden, "Debt consolidation is like a Band-Aid, says Smith.
24, 2003, the IRS issued temporary and proposed regulations defining a statutory merger or consolidation as:
Our PRIVATE CONSOLIDATION loan program is one of the few consolidation products available to the growing number of graduates with privately insured student loans.
On the other hand, these European economies are not candidates for Rubinesque virtuous cycles from fiscal consolidation to investment booms to growth back to budget surpluses (a la the United States in the 1990s).
Consolidation projects strive to deliver flexible and efficient response to business growth through increased scalability.
On average, consolidation loan borrowers, over the 1987 to 2002 period, had higher levels of student loan debt, higher incomes, and larger loan repayments than did nonconsolidation borrowers.
Almost universally the consolidation of the past 20 years has been explained as a result of decreased defense spending or capacity underutilization (e.
Ejasent's Optimizer analyzes data center application performance and utilization profiles and maps them to a target server environment to achieve the lowest cost consolidation schedule while maintaining user-specified levels of performance.
Because most companies don't have a single, standard general ledger system, the consolidation system must be able to collect data from multiple sources across an organization and create a common view, or chart of accounts, for corporate reporting.
Data-mart consolidation involves integrating data from departments, divisions or agencies into a single location that is better able to answer all of an organization's needs, rather than just a subset's.
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