# Liquidation
Used to record the dismantling of a business by an issuer, paying off debts in order of priority and distributing the remaining assets in cash and/or securities to the owners of the securities and details related to the liquidation
## Example Usage
```typescript
import { Liquidation } from "@apexfintechsolutions/ascend-sdk/models/components";
let value: Liquidation = {};
```
## Fields
| Field | Type | Required | Description | Example |
| ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| `action` | [components.EntryLiquidationAction](../../models/components/entryliquidationaction.md) | :heavy_minus_sign: | Corresponds to whether the entry is incoming outgoing | INCOMING |
| `cashRate` | [components.EntryLiquidationCashRate](../../models/components/entryliquidationcashrate.md) | :heavy_minus_sign: | The rate (raw value, not a percentage, example: 50% will be .5 in this field) at which cash will be disbursed to the shareholder | {
"value": "0.25"
} |
| `corporateActionGeneralInformation` | [components.EntryLiquidationCorporateActionGeneralInformation](../../models/components/entryliquidationcorporateactiongeneralinformation.md) | :heavy_minus_sign: | Common fields for corporate actions | |
| `effectiveDate` | [components.EntryEffectiveDate](../../models/components/entryeffectivedate.md) | :heavy_minus_sign: | Effective date as declared by the primary exchange that generally coincides with cessation of trading in the old security and commencement of trading in the new security | {
"day": 14,
"month": 5,
"year": 2024
} |
| `paymentDate` | [components.EntryLiquidationPaymentDate](../../models/components/entryliquidationpaymentdate.md) | :heavy_minus_sign: | The anticipated payment date at the depository | {
"day": 14,
"month": 5,
"year": 2024
} |
| `quantity` | [components.EntryLiquidationQuantity](../../models/components/entryliquidationquantity.md) | :heavy_minus_sign: | Corresponds to the position's trade quantity | {
"value": "0.25"
} |
| `recordDate` | [components.EntryLiquidationRecordDate](../../models/components/entryliquidationrecorddate.md) | :heavy_minus_sign: | The date on which positions are recorded in order to calculate entitlement | {
"day": 14,
"month": 5,
"year": 2024
} |
| `settled` | [components.EntryLiquidationSettled](../../models/components/entryliquidationsettled.md) | :heavy_minus_sign: | Corresponds to the position's settled quantity | {
"value": "0.25"
} |
| `subtype` | [components.EntrySubtype](../../models/components/entrysubtype.md) | :heavy_minus_sign: | Corresponds to the subtype of corporaction type | LIQUIDATION |