liquidation.

1. The process of closing an organization or settling obligations by selling its assets.

2. The killing or violent removal of a person or group.

Use it for

Words that belong together

• company liquidation
• voluntary liquidation

On the page

The board approved voluntary liquidation after negotiations failed.

Usage notes

Primary category: economics / business / social science. Forms: Usually uncountable; no ordinary plural in this sense. Legacy lexical fields mirror sense 1 only. Use numbered sense fields for all meanings. Established modern English lexical item. No separate regional spelling or grammatical inflection entry. Writing functions: analysis, evaluation, social science. Commonness: moderately common.