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Amalgamation
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A combination under a single entity of all or part of the assets and liabilities of two or more business units by either merger (where one company absorbs another) or consolidation (where the original companies form a new one) is called amalgamation.
Amalgamation is the act of merging many things into one. In business, it often refers to the mergers or acquisitions of many smaller companies into much larger ones. The financial accounting term of consolidation refers to the aggregated financial statements of a group company as consolidated account.
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| Posted by
LISA Life Insurance Settlement Association
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