liquidation - definition and synonyms

noun [countable/uncountable] business 

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/ˌlɪkwɪˈdeɪʃ(ə)n/
singularliquidation
pluralliquidations
  1. 1
    a situation in which a business closes and sells everything it owns in order to pay money that it owes
    go into liquidation:

    The toy manufacturer has gone into liquidation.