liquidation

Selling property or other things of value to get cash, often to pay debts.

• The company went into liquidation.
• Liquidation of the property helped pay her debts.
• Creditors received some money after the liquidation of the business.

Common phrases: asset liquidation, liquidation sale, go into liquidation

The process of closing a business and selling its property to pay what it owes.

• The shop is holding a liquidation sale.
• Several companies went into liquidation last year.
• Creditors may receive some money after liquidation.

How to use it: go into liquidation (The company went into liquidation after losing its biggest customer.)

Similar words: winding up

Common phrases: go into liquidation, liquidation sale, company liquidation

The removal or destruction of something, especially the deliberate killing of people seen as enemies.

• The report described the liquidation of political opponents.
• Secret police carried out the liquidation of suspected enemies.
• The movement demanded the liquidation of the old institutions.

How to use it: liquidation of someone/something (The dictator ordered the liquidation of his opponents.)

Similar words: elimination, destruction

Common phrases: liquidation of opponents, physical liquidation, political liquidation