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 announced liquidations of several unprofitable divisions.
• Asset liquidations helped the firm raise emergency cash.
• The store held liquidation sales before closing permanently.
• Bankruptcy often leads to complete business liquidations.
• The liquidations of old inventory made room for new products.
• Court-ordered liquidations distributed funds to creditors.
• Voluntary liquidations allow owners to control the process.