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 Word Forms

• nonliquidation noun
• preliquidation noun
• reliquidation noun

Word History and Origins

Origin of liquidation¹

First recorded in 1565–75; liquidate + -ion

Example Sentences

Earlier this month, China South City Holdings was handed a winding up order by Hong Kong's High Court, making it the biggest developer to be forced into liquidation since Evergrande.

From BBC

Liberty Steel said the decision to put the firm into compulsory liquidation was "irrational".

From BBC

"We are supporting the Official Receiver so that they are prepared to take the necessary steps should the company enter into compulsory liquidation," a statement said.

From BBC

Emails sent to clients of Lucy Harrison Casting, seen by the BBC, state that despite the liquidation of Happy House Productions, the agency would "continue to operate".

From BBC

Both ELC and Sable went into administration and voluntary liquidation at the end of 2016, owing a total of more than £4 million.

From BBC

Related Words

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