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Longman Dictionary of Contemporary English
liquidation
noun
COLLOCATIONS FROM OTHER ENTRIES
a company goes into liquidation (=is closed and sold in order to pay its debts)
COLLOCATIONS FROM CORPUS
■ ADJECTIVE
voluntary
▪ One member asked for details of how my father had gone into voluntary liquidation.
▪ They go into voluntary or compulsory liquidation.
▪ It went into voluntary liquidation on 7 May.
▪ Creditors may vote to accept or not to accept either the voluntary liquidation or liquidator.
■ VERB
go
▪ In mid-1985 Berg went into liquidation with a deficit of some £15m.
▪ The receiving company went into liquidation the following month.
▪ Kent Opera goes into liquidation after Arts Council grant withdrawn.
▪ Its wholesale arm has now gone into compulsory liquidation.
▪ Land Travel has gone into liquidation.
▪ Tancare has since gone into liquidation.
▪ It is possible that before going into liquidation the buyer had paid part of the price to the seller.
▪ Secondly, that liability to pay can only arise if the company goes into liquidation.
put
▪ The company has been put into liquidation, and some of its assets have been sold off to a rival firm.
▪ The firm has been put into liquidation by it's owners, who say they can't afford to pay redundancy money.
EXAMPLES FROM CORPUS
▪ A director is not an employee of the company and is not entitled to preferential payment when the company goes into liquidation.
▪ And so he overlooks liquidation of twenty million people in Soviet Union.
▪ Boro have been involved in photo-finishes since the 1986 liquidation crisis, while Lawrence performed a permanent highwire act at Charlton Athletic.
▪ But his group also faces the threat of liquidation proceedings over a A$150million disputed indemnity agreement.
▪ It may, for example, involve liquidation fraud, where a company voluntarily goes into liquidation to avoid its responsibilities.
▪ Neither wants to accept responsibility for the repairs needed since the previous contractor went into liquidation.
▪ The liquidator therefore claimed for recovery of the deficit on liquidation.
▪ The retailer said inventory liquidation sales will begin next week at the 86 stores, at sites across the country.
The Collaborative International Dictionary
Liquidation

Liquidation \Liq`ui*da"tion\ (l[i^]k`w[i^]*d[=a]"sh[u^]n), n. The act or process of liquidating; the state of being liquidated.

To go into liquidation (Law), to turn over to a trustee one's assets and accounts, in order that the several amounts of one's indebtedness may be authoritatively ascertained, and that the assets may be applied toward their discharge.

Douglas Harper's Etymology Dictionary
liquidation

1570s, noun of action from Late Latin liquidare (see liquidate); originally as a legal term in reference to assets; of inconvenient groups of persons, 1925 in communist writings.

Wiktionary
liquidation

n. 1 The act of exchange of an asset of lesser liquidity with a more liquid one, such as cash. 2 The selling of the assets of a business as part of the process of dissolving the business.

WordNet
liquidation
  1. n. termination of a business operation by using its assets to discharge its liabilities [syn: settlement]

  2. the act of exterminating [syn: extermination]

  3. the murder of a competitor [syn: elimination]

Wikipedia
Liquidation

In United Kingdom and United States law and business, liquidation is the process by which a company (or part of a company) is brought to an end, and the assets and property of the company are redistributed. Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation. The process of liquidation also arises when customs, an authority or agency in a country responsible for collecting and safeguarding customs duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry.

Liquidation may either be compulsory (sometimes referred to as a creditors' liquidation) or voluntary (sometimes referred to as a shareholders' liquidation, although some voluntary liquidations are controlled by the creditors, see below).

Liquidation (disambiguation)

Liquidation is the conversion of a business' assets to money in order to pay off debt.

Liquidation may also refer to:

  • Political killing, especially extrajudicial killing
  • Fragmentation (music), a compositional technique
  • Liquidation (miniseries), a Russian television series
Liquidation (miniseries)

Liquidation ( 2007) (, Likvidatsiya) is a highly popular Russian television series, which parallels the famous The Meeting Place Cannot Be Changed with notable ethical shift. In the "Meeting Place", chief of criminal investigations Gleb Zheglov (played by Vladimir Vysotskiy) had a modus operandi "Thief must go to prison, no matter how I put him there" (and uses planted evidence to do so).

In Liquidation, chief of criminal investigations David Gotsman's (played by Vladimir Mashkov) motto has changed to "Thief must go to prison, but lawfully so". The stars of the film include famous Russian actors such as Vladimir Mashkov and Konstantin Lavronenko ( The Return, The Banishment). Sergei Makovetsky had to replace Andrey Krasko, who died of heart attack during the filming.

Usage examples of "liquidation".

Doubtless the sell-off and liquidation of the machinery and facilities will yield a reasonable profit.

I told you I do not care for the way he is handling this takeover and liquidation of Copeland Marine.

Hence arose immense arrears in the expenditure, and the necessity of appointing a committee of liquidation.

For an early liquidation of Abyssinia there is also the argument that the Italian morale there must be particularly low now, and early finish of the campaign would release large forces for reinforcing our front in the Middle East.

Reichstag fire, the Roehm Blood Purge, the Anschluss with Austria, the surrender of Chamberlain at Munich, the occupation of Czechoslovakia, the attacks on Poland, Scandinavia, the West, the Balkans and Russia, the horrors of the Nazi occupation and of the concentration camps and the liquidation of the Jews.

Munich Hitler had ordered his military chiefs to prepare, along with the liquidation of the remainder of Czechoslovakia, the occupation of Memel.

In other words, Schopenhauer recognizes Kantianism as the definitive liquidation of the humanist revolution.

Defined as a condition of enforced servitude by which the servitor is compelled to labor in liquidation of some debt or obligation, either real or pretended, against his will, peonage was found to have been unconstitutionally sanctioned by an Alabama statute, directed at defaulting sharecroppers, which imposed a criminal liability and subjected to imprisonment farm workers or tenants who abandoned their employment, breached their contracts, and exercised their legal right to enter into employment of a similar nature with another person.

What did thwarting the Chumash Powers have to do with the liquidation of the Aztecian cabinet, for instance?

His liquidation will be of benefit to all departments of our Intelligence apparat.

Perhaps you do not remember that, when I agreed to buy the horse, the price was to be my contribution to the liquidation of those bills.

She had asked the company secretary and the group's chief financial officer to prepare a contingency plan which would involve suspending the company's shares and filing for voluntary liquidation.

The nature of his proposition might well be the liquidation of both companies and the formation of an investment company or trust based on Strode House with some of the same directors.

Their compensation becomes part of the national debt, for the liquidation of which there is the one exhaustless fund.

He went to every auction, flea market, tax sale, bankruptcy liquidation, and barter in these parts, don't you know!