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Dissolution and Estimation

noun

DISSOLUTION is the act of ending, terminating or winding-up a company or state of affairs. For example, when the life of a company is ended by normal legal means, it is said to be "dissolved". The same is said of marriage or partnerships which, by dissolution, ends the legal relationship between those persons formally joined by the marriage or partnership.

noun

  • A document appraising the value of something (as for insurance or taxation.
  • The respect with which a person is held.
    • usage: "they had a high estimation of his ability"
  • An approximate calculation of quantity or degree or worth.
    • usage: "an estimate of what it would cost"; "a rough idea how long it would take"
  • A judgment of the qualities of something or somebody.
    • usage: "many factors are involved in any estimate of human life"; "in my estimation the boy is innocent"