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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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