consolidation definition

consolidation

Accounting: (1) Combining assets, equity, liabilities and operating accounts of a parent firm and its subsidiaries into one financial statement. See also consolidated financial statement. (2) Combining two or more firms through purchase, merger, or ownership transfer to form a new firm.

Banking: Paying off two or more old loans with a new loan. See also consolidation loan.

Law: Combining two actions (involving the same parties and the same issues) into one action on court orders. Consolidation may or may not result in a single judgment.

Shipping: Combining several smaller shipments into a full container load or a large shipment to avail of better freight rates. Also called groupage.

consolidation is in the Accounting & Auditing, Banking, Commerce & Finance, Corporate, Commercial, & General Law and Shipping, Transport, & Travel subjects.

consolidation appears in the definitions of the following terms: business combination, deconsolidation, holding company, dissolution, supervisory merger, groupage and accounting policies

consolidation appears in the other terms: consolidation loan, freight consolidation, debt consolidation, consolidation service, cargo consolidation

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