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liquidation

[ lik-wi-dey-shuhn ]
/ ˌlɪk wɪˈdeɪ ʃən /
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noun

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

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Origin of liquidation

First recorded in 1565–75; liquidate + -ion
non·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. 2021

British Dictionary definitions for liquidation

liquidation
/ (ˌlɪkwɪˈdeɪʃən) /

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)
destruction; elimination
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

Cultural definitions for liquidation

liquidation

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

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.
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