Another Word For Liquidation
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Meaning
Liquidation refers to the process of closing down a business by selling off its assets, paying off its debts, and distributing any remaining assets to shareholders. It often occurs when a company is unable to continue its operations, typically due to financial difficulties. The goal of liquidation is to collect as much money as possible from the sale of assets to settle outstanding obligations.
Synonyms
- Dissolution
- Closure
- Wind-up
- Sell-off
- Asset sale
Antonyms
- Formation
- Establishment
- Startup
- Growth
- Expansion
Etymology
The term "liquidation" comes from the Latin word "liquidare," meaning "to make liquid" or "to settle." This evolved in English in the late 19th century, originally referring to the conversion of assets into cash.
Examples
- The company faced severe financial losses and ultimately decided to go through liquidation.
- After months of trying to find an investor, the board voted to initiate the liquidation process.
- During the liquidation sale, everything in the store was offered at steep discounts.
- The lawyer explained the steps involved in the liquidation of the partnership to the concerned partners.
- Following liquidation, the assets of the business were auctioned off to the highest bidders.