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liquidation
[ lik-wi-dey-shuhn ]
noun
- the process of realizing upon assets and of discharging liabilities in concluding the affairs of a business, estate, etc.
- the process of converting securities or commodities into cash.
- the state of being liquidated:
an estate in liquidation.
liquidation
/ ˌlɪkwɪˈdeɪʃən /
noun
- the process of terminating the affairs of a business firm, etc, by realizing its assets to discharge its liabilities
- the state of a business firm, etc, having its affairs so terminated (esp in the phrase to go into liquidation )
- destruction; elimination
liquidation
- The conversion of the assets of a firm into cash, often just before the firm goes out of business.
Other Words From
- nonliq·ui·dation noun
- preliq·ui·dation noun
- reliq·ui·dation noun
Word History and Origins
Origin of liquidation1
Example Sentences
In 2004, 14 former pupils tried to claim compensation, but the company that ran the school had gone into liquidation many years earlier.
He declared bankruptcy in 2022 as the Sandy Hook case made its way to court, and in June 2024, a judge ordered the liquidation of Jones's personal assets.
But its organiser has now gone into liquidation.
The real estate firm went into liquidation in January under a mountain of debt.
The liquidation plan, which details how proceeds from asset sales will be distributed among various creditors, is subject to a vote by all unsecured creditors.
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