liquidation
liq
ˌlɪk
lik
ui
vi
da
ˈdeɪ
dei
tion
ʃən
shēn
/lˌɪkwɪdˈe‍ɪʃən/

Definition & Meaning of "liquidation"in English

Liquidation
01

the process of closing a business by selling its assets to pay off debts and distribute any remaining value to shareholders

Examples
The company entered liquidation after years of financial losses.
02

the act of killing or eliminating someone or something, especially deliberately or systematically

Examples
The dictator ordered the liquidation of political opponents.
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