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Webster 1913 Edition
Liquidation
Liqˊui-da′tion
(lĭkˊwĭ-dā′shŭn)
, Noun.
[Cf. F.
liquidation
.] The act or process of liquidating; the state of being liquidated.
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.
Webster 1828 Edition
Liquidation
LIQUIDA'TION
,Noun.
Definition 2024
liquidation
liquidation
English
Noun
liquidation (plural liquidations)
- The act of exchange of an asset of lesser liquidity with a more liquid one, such as cash.
- The selling of the assets of a business as part of the process of dissolving the business.
- The store is having a liquidation sale, everything must go as they go out of business.
Related terms
Translations
process of converting into cash
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French
Pronunciation
- IPA(key): /li.ki.da.sjɔ̃/
Noun
liquidation f (plural liquidations)
- sale, liquidation (sale of goods at reduced prices)
- liquidation