1. people appointed to wind up the affairs of a company or business, especially by selling assets to pay debts
Usage: business; legal
2. people who eliminate or destroy something completely

Examples

• The court appointed liquidators to handle the bankrupt company’s assets.
• Liquidators sold off the factory equipment to pay creditors.
• The liquidators worked for months to settle all outstanding debts.
• After the merger failed, liquidators were brought in to close the business.
• The liquidators systematically eliminated all traces of the old regime.
• Professional liquidators handled the dissolution of the partnership.