A cash payment made by a ﬁrm to its owners when some of the ﬁrm's assets are sold off is called a(n):

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A cash payment made by a firm to its owners when some of the firm's assets are sold off is called a liquidating dividend. This is different from regular cash dividends, which are paid out of the company's profits, and special or extra cash dividends, which are paid on top of regular dividends. Share repurchases refer to when a company buys back its own stock in the market.

A Cash Payment Made by a ﬁRm to Its Owners