liquidation
noun/ˌlɪkwɪˈdeɪʃən/
Frequency rank: #9,967 of 20,003 in the WORDED list (wordfreq data)
Meaning
the process of closing down a business and selling off its assets to pay creditors.
Example sentence
The struggling company announced the liquidation of all its assets to pay off its debts.
Synonyms & related words
- dissolution
- closure
- bankruptcy
- winding-up
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