Liquidation

The Century Dictionary and Cyclopedia
  • noun. The act of liquidating; the act of adjusting debts, or ascertaining their amount or the balance of them due.
  • the GNU version of the Collaborative International Dictionary of English
  • noun. The act or process of liquidating; the state of being liquidated.
  • noun. 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.
  • Wiktionary, Creative Commons Attribution/Share-Alike License
  • noun. The act of exchange of an asset of lesser liquidity with a more liquid one, such as cash.
  • noun. The selling of the assets of a business as part of the process of dissolving the business.
  • WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
  • noun. the act of exterminating
  • noun. termination of a business operation by using its assets to discharge its liabilities
  • noun. the murder of a competitor
  • Word Usage
    "If so, four or five years, I doubt Obama will be able to pull off the same hijinx and will probably just have to let them enter into a normal bankruptcy process which could very well result in liquidation whereby those UAW pensions are dropped onto the Pension Benefit Guaranty Corporation."
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