Liquidation

Pronunciation: /ˌlɪkwɪˈdeɪʃən/

Liquidation (noun)

  1. The process of closing a business and selling its assets to pay debts.
  2. The act of converting assets into cash by selling them.

Examples

  • The company announced its liquidation due to financial difficulties.
  • The liquidation of the assets took longer than expected.

Common collocations: file for liquidation, liquidation process, conduct a liquidation, liquidation sale

Synonyms of Liquidation

Formal

Neutral

Antonyms of Liquidation

  • — Opposite of converting assets into cash.
  • — Opposite of selling off assets.