C1nounformalbusinessmoney
US/ˌlɪk.wɪˈdeɪ.ʃən/
UK/ˌlɪk.wɪˈdeɪ.ʃən/
the process of closing a business and selling its assets to pay its debts
In context
The firm went into liquidation after losing its biggest customer.
The liquidation of the chain left hundreds of workers jobless.
A court ordered the compulsory liquidation of the unpaid company.
Words that go with liquidation
verb + preposition
- go into liquidationThe retailer went into liquidation last spring.
noun + noun
- liquidation proceedingsThe court started liquidation proceedings against the builder.
adjective + noun
- compulsory liquidationCompulsory liquidation was the only option left.
- voluntary liquidationThe owners chose voluntary liquidation.
noun + preposition
- liquidation ofThe liquidation of its assets raised little money.
- company in liquidationSuppliers of a company in liquidation rarely get paid in full.
Common mistakes
Incorrect:
The company is in liquidity.Correct: The company is in liquidation.