liquidation
Translation
liquidation, winding-up, selling off
Examples
The company is facing liquidation.
The company is facing liquidation.
The liquidation of assets will begin next week.
The liquidation of assets will begin next week.
Grammar Patterns
((of sth.)) the process of closing a business The liquidation of the company was inevitable.
Similar Words
Synonyms: dissolution, closing, winding-up
Etymology
From Latin 'liquidus' (fluid, liquid). The idea is to make assets 'flow' like a liquid (i.e., turn them into cash).
Memory Tips
Imagine a company's assets melting down into 'liquid' cash.