liquidation (ˌlɪkwɪˈdeɪʃən
)
Definitions
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
Usage examples
A ministry dedicated to the liquidation of the bourgeois family!
, Dreams of Innocence (1994)As the buyer went into liquidation , the appellant offered a bank guarantee, which was subsequently rejected.
Business Today (1996)He has written to the head of the U. S. Securities and Exchange Commission seeking support for liquidation.
Globe and Mail (2003)The businesses of yachtsman Pete Goss went into liquidation yesterday following the loss of his £4.5m catamaran in the Atlantic.
Glasgow Herald (2001)The business was a victim of the recession and he had to put it into liquidation.
, Sharing the Success - the story of NFC (1990)