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liquidationmore about liquidation

liquidation


  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}] 




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