noun
liquidation
lihk-wuh-DAY-shuhn
noun
1
The process of closing down a business by selling its assets and settling debts.
"The store held a liquidation sale before shutting its doors for good."
How to Use Liquidation
Learner’s notesIn plain EnglishThe formal winding-up of a business, selling everything it owns to pay what it owes.
Common pairings
go into liquidation
liquidation sale
Word Forms
liquidations plural
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The store held a _____ sale before shutting its doors for good.
Etymology
From liquidate plus the noun-forming suffix -ion.