Definition

1. Noun:
   • The process of closing a business and selling its assets to pay its debts: The formal termination of a company's operations, where its property is converted to cash to settle outstanding obligations.
   • The act of eliminating or killing someone or something: The complete destruction or eradication of a person, group, or thing, often used in a figurative or literal sense.

Examples of Usage

• Noun (Business context):
  • The company went into liquidation after failing to secure new funding.
  • During the liquidation, all factory equipment was sold at auction.
• Noun (Elimination context):
  • The dictator ordered the liquidation of his political opponents. (This usage is often associated with violence or forceful removal.)

Advanced Usage

• "To go into liquidation": To enter the legal process of being dissolved and having assets sold.
  • If we cannot repay the loan, the business will have to go into liquidation.
• "Forced liquidation": A situation where assets must be sold quickly, often at a loss, to meet immediate financial demands.
  • The margin call resulted in the forced liquidation of his stock portfolio.

Variants and Related Words

• Liquidate (verb): To bring a business to an end and distribute its assets to claimants; or to eliminate.
  • The court ordered them to liquidate the company's assets.
  • The regime sought to liquidate all dissent.
• Liquidator (noun): An official appointed to oversee the process of liquidation.
  • The liquidator is responsible for selling the company's remaining inventory.

Synonyms

• Closure (Business): The act of permanently stopping operations.
• Winding up (Business): The process of concluding all affairs and dissolving a company.
• Extermination (Elimination): Complete destruction.
• Annihilation (Elimination): Total destruction.

Related Phrases

• Fire sale: A sale of goods or assets at very low prices, typically during a liquidation.
  • The store held a fire sale during its final week of liquidation.
• Assets are liquidated: A phrase describing the conversion of property into cash.
  • To pay the creditors, all remaining assets were liquidated.

Noun

1. the murder of a competitor
2. the act of exterminating
3. termination of a business operation by using its assets to discharge its liabilities