liquidation
NounWordNet 3.0
Noun (3)
- termination of a business operation by using its assets to discharge its liabilitiesSynonyms: settlement
- the act of exterminatingSynonyms: extermination
- the murder of a competitorSynonyms: elimination
Webster's Dictionary (GCIDE)
Liquidation \Liq`ui*da"tion\ (l[i^]k`w[i^]*d[=a]"sh[u^]n), n. [Cf. F. liquidation.] The act or process of liquidating; the state of being liquidated. [1913 Webster]
To go into liquidation (Law), to turn over to a trustee one's assets and accounts, in order that the several amounts of one's indebtedness may be authoritatively ascertained, and that the assets may be applied toward their discharge. [1913 Webster]