Two factors come into play: First, good quality applicators do a better job of applying paint, and more uniformly, than poor applicators. As a result, they achieve better hide, or coverage. Second, painting technique is a factor that could contribute to overspreading the product.
Liquidation and Free Riding. A liquidation violation occurs when the client sells a security to satisfy a cash obligation for the purchase of a different security after trade date. This is a violation because the sale of the second security will not be settled by the time the first purchase settles.
Liquidation of Assets. The liquidation of assets is one of the first activities that must occur after a small business dissolves. Liquidation refers to the sale or auction of the physical and intangible assets of the business. For example, the small business must sell all of its office furniture, equipment and supplies. Intangible assets might include patents or stock.