liquidation

[ lik-wi-dey-shuhn ]

noun

1. the process of realizing upon assets and of discharging liabilities in concluding the affairs of a business, estate, etc.
2. the process of converting securities or commodities into cash.
3. the state of being liquidated:

   an estate in liquidation.

liquidation

/ ˌlɪkwɪˈdeɪʃən /

noun

1. 1. the process of terminating the affairs of a business firm, etc, by realizing its assets to discharge its liabilities
   2. the state of a business firm, etc, having its affairs so terminated (esp in the phrase to go into liquidation )
2. destruction; elimination

liquidation

1. The conversion of the assets of a firm into cash, often just before the firm goes out of business.

Other Words From

• nonliq·ui·dation noun
• preliq·ui·dation noun
• reliq·ui·dation noun

Word History and Origins

Origin of liquidation¹

First recorded in 1565–75; liquidate + -ion

Example Sentences

But its organiser has now gone into liquidation.

From BBC

The real estate firm went into liquidation in January under a mountain of debt.

From BBC

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.

From Los Angeles Times

In Los Angeles County, meanwhile, a Superior Court judge has appointed an attorney to oversee the liquidation of the company’s California subsidiary.

From Los Angeles Times

“They were convinced for a while that the alternative was liquidation.”

From Los Angeles Times

Related Words

• clearance
• destruction
• eradication
• expulsion
• removal
• withdrawal