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

In September, B. Riley said it had sold a majority stake in its Great American appraisal and liquidation business for about $203 million to Oaktree Capital Management, while retaining a 47% stake valued at roughly $183 million in a new holding company it formed with the L.A. distressed asset manager.

From Los Angeles Times

Earlier this month, B. Riley sold a majority stake in its Great American appraisal and liquidation business in a nearly $400-million deal that earned the company $203 million in cash and left it with a minority stake valued at roughly $183 million in a new holding company it is forming with Oaktree Capital Management, the Los Angeles global investment manager that specializes in distressed assets.

From Los Angeles Times

B. Riley Financial, the Westwood-area financial services firm, said Monday that it has sold a majority stake in its Great American appraisal and liquidation business for nearly $400 million — a move meant to lower its debt as it struggles with the fallout from a deal that turned sour.

From Los Angeles Times

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

From BBC

Related Words

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