2 definitions found
From Webster's Revised Unabridged Dictionary (1913) [web1913]:
Liquidation \Liq`ui*da"tion\ (l[i^]k`w[i^]*d[=a]"sh[u^]n), n.
[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.
From WordNet r 1.6 [wn]:
liquidation
n 1: terminating a business operation [syn: {settlement}]
2: the act of exterminating [syn: {extermination}]
3: the murder of a competitor [syn: {elimination}]
more about liquidation
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