Liquidation

Liquidation

Noun · /ˌlɪk.wɪˈdeɪ.ʃən/

Definition

The process of winding up a company's affairs, selling its assets, and using the proceeds to pay debts; the conversion of assets into cash; the elimination or killing of a person or group, particularly in a political context; the settlement of a debt.

Origin

From liquidate (from medieval Latin liquidare — to make liquid) + -ion (the suffix forming nouns of action or process). Liquidation has been used in the financial sense since the 17th century and in the political sense since the early 20th century. It is the nominal form corresponding to the verb liquidate.