follow Dictionary.com

Why is the ninth month called September?

liquidation

[lik-wi-dey-shuh n] /ˌlɪk wɪˈdeɪ ʃən/
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.
Origin
1565-1575
1565-75; liquidate + -ion
Related forms
nonliquidation, noun
preliquidation, noun
reliquidation, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source
Examples for liquidation
  • In particular, it imagines how its expanded powers under the newly established non-bank liquidation authority would have helped.
  • It suspended operations that day and went into closure and liquidation the next month.
  • As everything spun out of control, everyone wanted out: a full liquidation.
  • If that does not work, they may go into liquidation.
  • Funds will also be allowed to suspend withdrawals if they break the buck, to allow for more orderly liquidation.
  • Worse, firms that default are likelier to end up in full liquidation.
  • They sold as many of their best players as they could last month and are still teetering on the edge of liquidation.
  • And that is absolutely the case for automakers, which are worth next to nothing in liquidation.
  • The company's brief statement offered no reason for the liquidation.
  • Courtesy notices of liquidation provide informal, advanced notice of the liquidation date and are not required by statute.
British Dictionary definitions for liquidation

liquidation

/ˌlɪkwɪˈdeɪʃən/
noun
1.
  1. the process of terminating the affairs of a business firm, etc, by realizing its assets to discharge its liabilities
  2. the state of a business firm, etc, having its affairs so terminated (esp in the phrase to go into liquidation)
2.
destruction; elimination
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cite This Source
Word Origin and History for liquidation
n.

1570s, noun of action from Late Latin liquidare (see liquidate); originally as a legal term in reference to assets; of inconvenient groups of persons, 1925 in communist writings.

Online Etymology Dictionary, © 2010 Douglas Harper
Cite This Source
liquidation in Culture

liquidation definition


The conversion of the assets of a firm into cash, often just before the firm goes out of business.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
Encyclopedia Article for liquidation

discharge of a debt or the determination by agreement or litigation of the amount of a previously unliquidated claim. One important legal meaning is the distribution of the assets of an enterprise among its creditors and proprietors. At the dissolution of a solvent corporation or unincorporated association, the assets are usually liquidated (turned into money) rather than distributed in kind. An insolvent concern, on the other hand, may be liquidated in a receivership (q.v.), in which a court-appointed receiver sells the assets and distributes the proceeds; in general assignments for the benefit of creditors; in bankruptcy; or in the administration of a decedent's estate

Learn more about liquidation with a free trial on Britannica.com
Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
Cite This Source

Word of the Day

Difficulty index for liquidation

Most English speakers likely know this word

Word Value for liquidation

21
24
Scrabble Words With Friends

Quotes with liquidation