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

Weeks earlier TriColor Holdings, a subprime auto lender and used-car retailer, filed for Chapter 7 liquidation.

Read more on The Wall Street Journal

The exact details of the circumstances leading up to Manchester Pride going into liquidation aren't yet known.

Read more on BBC

"This ensures that even in the worst-case scenario, the threat of liquidation will not be an option."

Read more on BBC

But instead, the month has mostly been marked by losses following the biggest single-day liquidation event in the history of cryptocurrency, which wiped out at least $20 billion in positions.

Read more on MarketWatch

A music festival has been held for the last time after the company behind it announced it had gone into liquidation.

Read more on BBC

Related Words

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