1. the process of closing down a business and selling its assets to pay debts
Usage: business; finance
2. the act of converting assets into cash
Usage: finance
3. the elimination or destruction of something
Usage: formal

Examples

• The company went into liquidation after failing to pay its creditors.
• The liquidation of the business took several months to complete.
• He decided on the liquidation of his stock portfolio to buy a house.
• The liquidation sale offered deep discounts on all merchandise.
• The court ordered the liquidation of the bankrupt firm’s assets.
• She oversaw the liquidation of her father’s estate.
• The liquidation of the old inventory made room for new products.