Application of assets

I believe that this expression relates to the situation where, in the process of conducting a liquidation, the liquidator has deposited a sum of money into a holding account. The reason for such an action would typically be to allow sufficient time to elapse to be certain that all valid claims have been received for that class of creditor That set-aside fund of money will be accruing interest in the time between depositing the funds in an interest-earning account and the date of its due distribution When the liquidator is satisfied that all relevant claims have been received and that it's now time to make a distribution to that class of creditor, the fund will have grown by the amount of the interest earned on that deposit account and it's that post-liquidation interest that is to be distributed as though it were 'attached' to the deposited fund OK? Incidentally Sacca, I don't know whether you have noticed that some of your earlier threads have been added to by a student with the moniker sm8980 who wishes to invite you to be a study buddy for the FA exam OK?

Yeah that makes sense. Thank you! No I didn't notice, I'll reply now. Thank you!

Thank you once again for taking the time out to answer my questions. The support is much appreciated!! I just passed with 91% :)

It's results like that that put the icing on the cake for a tutor :-) Very, very well done! And good fortune in your future studies with OpenTuition