Focus on the pronunciation of liquidation
English definition of “liquidation”
/ˌlɪkwɪˈdeɪʃən/ noun [C or U]
› LAW, FINANCE a situation in which a company stops operating and sells all its assets in order to pay its debts: go into liquidation After three years of heavy losses the company went into liquidation with debts totalling £100 million.put sth into liquidation They were forced to put the company into liquidation in June.
› ACCOUNTING, FINANCE a situation in which an asset is sold in order to get cash: Analysts generally regard the liquidation of shares by corporate insiders as bad news. → See also compulsory liquidation, forced liquidation, involuntary liquidation, voluntary liquidation