Meaning of the word liquidation in English

What does liquidation mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

liquidation

US /ˌlɪk.wəˈdeɪ.ʃən/
UK /ˌlɪk.wəˈdeɪ.ʃən/

Noun

1.

the process of closing a business and selling its assets to pay its debts

Example:
•
The company went into liquidation after failing to secure new funding.
•
The court ordered the liquidation of the bankrupt firm.
2.

the act of killing or eliminating someone or something, especially in a violent manner

Example:
•
The crime boss ordered the liquidation of his rivals.
•
The dictator was known for the brutal liquidation of political opponents.