liquidation
Translation
liquidation, closing down, dissolution
Examples
The company went into liquidation.
The company went into liquidation.
The liquidation of assets took several months.
The liquidation of assets took several months.
Grammar Patterns
((noun)) the process of closing a business The company went into liquidation.
Similar Words
Synonyms: closing down, dissolution, settlement; Antonyms: incorporation, establishment
Etymology
From Latin 'liquidus' (fluid, liquid), from the idea of making assets 'flow' like liquid cash.
Memory Tips
Picture a company's assets melting down into 'liquid' cash.