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liquidation
[lik-wi-dey-shuhn]
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.
liquidation
/ ˌɪɪˈɪʃə /
noun
the process of terminating the affairs of a business firm, etc, by realizing its assets to discharge its liabilities
the state of a business firm, etc, having its affairs so terminated (esp in the phrase to go into liquidation )
destruction; elimination
liquidation
The conversion of the assets of a firm into cash, often just before the firm goes out of business.
Other 51Թ Forms
- nonliquidation noun
- preliquidation noun
- reliquidation noun
51Թ History and Origins
Origin of liquidation1
Example Sentences
In an email to customers, the company said it ceased trading due to insolvency and would commence formal liquidation shortly.
Products from the healthy ready meal company Karri Kitchen have disappeared from shelves across Northern Ireland as the business has entered liquidation.
An NOI is a formal document filed in court by a company or its directors, to inform parties the company intends to enter administration, a process aimed at rescuing a struggling business from liquidation.
The firm said it would conduct liquidation sales at its stores and that some or all of its assets would be sold in a court-supervised process.
To stem losses, Forever 21 may pursue another bankruptcy filing that would involve the sale of assets or the liquidation of remaining stores, Bloomberg reported.
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