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liquidation

[lik-wi-dey-shuh n]
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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.
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Origin of liquidation

First recorded in 1565–75; liquidate + -ion
Related formsnon·liq·ui·da·tion, nounpre·liq·ui·da·tion, nounre·liq·ui·da·tion, noun
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

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British Dictionary definitions for liquidation

liquidation

noun
    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)
  1. destruction; elimination
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Word Origin and History for liquidation

n.

1570s, noun of action from Late Latin liquidare (see liquidate); originally as a legal term in reference to assets; of inconvenient groups of persons, 1925 in communist writings.

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Online Etymology Dictionary, © 2010 Douglas Harper

liquidation in Culture

liquidation

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

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The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.