Liquidation value is the net amount that is realised when a business is terminated and the assets are sold piecemeal. The liquidation process can be orderly or forced with the liquidation value being higher under an orderly process than that of a forced process. Liquidation value differs from fair market value because it normally occurs when there is no compulsion to sell. During a liquidation, assets are normally disposed of on a piecemeal basis, not as a going concern. Under an orderly liquidation, assets are sold over a reasonable time to maximise realisable value. Under forced liquidation, assets are disposed of at a lower value to a shorter period involved. Forced liquidation is sometimes referred to as "auction value".