liq·ui·da·tion
Audio Help [lik-wi-dey-shuh
n] Pronunciation Key
Audio Help [lik-wi-dey-shuh
n] Pronunciation Key –noun
| 1. | the process of realizing upon assets and of discharging liabilities in concluding the affairs of a business, estate, etc. |
| 2. | the process of converting securities or commodities into cash. |
| 3. | the state of being liquidated: an estate in liquidation. |
| Dictionary.com Unabridged (v 1.1) Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006. |
liquidation
To learn more about liquidation visit Britannica.com
| © 2008 Encyclopædia Britannica, Inc. |
| liq·ui·date
Audio Help (lĭk'wĭ-dāt') Pronunciation Key
v. liq·ui·dat·ed, liq·ui·dat·ing, liq·ui·dates v. tr.
v. intr.
[Late Latin liquidāre, liquidāt-, to melt, from Latin liquidus, liquid; see liquid.] liq'ui·da'tion n., liq'ui·da'tor n. |
| The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2006 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. |
| liquidation | |
noun | |
| 1. | termination of a business operation by using its assets to discharge its liabilities |
| 2. | the act of exterminating [syn: extermination] |
| 3. | the murder of a competitor [syn: elimination] |
| WordNet® 3.0, © 2006 by Princeton University. |
liquidation
The conversion of the assets of a firm into cash, often just before the firm goes out of business.
[Chapter:] Business and Economics
| The American Heritage® New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. |
Liquidation
Liq`ui*da"tion\ (l[i^]k`w[i^]*d[=a]"sh[u^]n), n. [Cf. F. liquidation.] The act or process of liquidating; the state of being liquidated. To go into liquidation (Law), to turn over to a trustee one's assets and accounts, in order that the several amounts of one's indebtedness may be authoritatively ascertained, and that the assets may be applied toward their discharge.| Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc. |
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