liq‧ui‧da‧tion /ˌlɪkwəˈdeɪʃ
ən, ˌlɪkwɪˈdeɪʃ
ən/
noun [uncountable and countable]1. the act of closing a company by selling the things that belong to it, in order to pay its debts:
Hundreds of small businesses went into liquidation (=were closed).2. the act of paying a debt
[TahlilGaran] Dictionary of Contemporary English ▲