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- DictionaryLiq·ui·da·tion/ˌlikwəˈdāSHən/
noun
- 1. the process of liquidating a business: "the company went into liquidation"
- 2. the killing of someone, typically by violent means. informal
noun
Winding-up of a company
Liquidation is the process in accounting by which a company is brought to an end. The assets and property of the business are redistributed. When a firm has been liquidated, it is sometimes referred to as wound-up or dissolved, although dissolution technically refers to the last stage of liquidation. Wikipedia