liquidation (C1)

noun

Pronunciation: /ˌlɪkwɪˈdeɪʃən/

Definition

The process of closing down a business or organization by selling its assets to pay its debts.

Examples

• The firm's liquidation was finalized last week.

• They are facing liquidation due to massive financial losses.

• The court ordered the liquidation of the company.

How to Use liquidation

liquidation of (prepositional phrase)

Used to specify what is being liquidated. — "The liquidation of assets is a complex process."

go into liquidation (prepositional phrase)

To begin the process of closing down a business due to insolvency. — "The airline went into liquidation after failing to secure new funding."

Synonyms of liquidation

Words with a similar meaning to liquidation:

• dissolution
• bankruptcy
• closure
• winding up

Antonyms of liquidation

Words with the opposite meaning to liquidation:

• establishment
• incorporation
• reorganization

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