liquidate
sell assets for cash
to sell something valuable so that you have cash
liquidate [assets/investments/inventory]
- The family liquidated some investments to pay the medical bills.
- Investors rushed to liquidate their holdings when the market fell.
- The company plans to liquidate excess inventory before the end of the quarter.
- She liquidated her shares to buy a house.
- They had to liquidate assets to raise money.
close a business legally
to close a company and sell what it owns to pay its debts
liquidate [a company/business/firm]
- The retailer was liquidated after failing to find a buyer.
- A court appointed an administrator to liquidate the company.
- If no rescue plan is approved, the business will be liquidated next month.
- The company was liquidated after it lost too much money.
- They decided to liquidate the business and pay the creditors.
pay off a debt
to pay a debt completely
liquidate [a debt/claim/obligation]
- They sold the land to liquidate the debt.
- The settlement funds were used to liquidate several outstanding claims.
- The borrower promised to liquidate all arrears by the end of the year.
- He liquidated the debt in one payment.
- The company sold equipment to liquidate its loans.
kill someone deliberately
to kill someone in a planned or official-sounding way
liquidate [someone]
- The dictator’s secret police liquidated many of his opponents.
- In the crime novel, the gang tries to liquidate the witness before trial.
- The order was to capture the target, not liquidate him.
- The spy was told to liquidate the enemy agent.
eliminate completely
to remove or destroy something completely
liquidate [an organization/system/threat]
- The new government liquidated the old secret police and transferred its records to a civilian agency.
- The occupying authorities tried to liquidate all independent political parties.
- The campaign was designed to liquidate the remaining rebel network.
- The regime tried to liquidate the opposition.
- Base: liquidate
- 3rd Person Singular: liquidates
- Present Participle: liquidating
- Past: liquidated
go into liquidation
1enter legal closure process
when a company starts the legal process of closing and selling what it owns to pay debts
- The chain went into liquidation after months of falling sales.
- Once the company goes into liquidation, a liquidator takes control of its assets.
- Several suppliers lost money when the contractor went into liquidation.
go into liquidation
1Start company liquidation
for a company to start the legal process of closing because its assets must be sold
- The airline went into liquidation after months of financial trouble.
- If the club goes into liquidation, its stadium may be sold.
- Several suppliers lost money when the retailer went into liquidation.
liquidate a position
1sell an investment holding
to sell an investment that you hold
- The fund liquidated its position in the airline after the profit warning.
- If the price falls below the margin requirement, the broker may liquidate your position.
- Traders liquidated long positions when the inflation report came out.
liquidated damages
1Contract-set damages amount
money a contract says must be paid if someone breaks the contract.
- The contract required liquidated damages of $1,000 for each day the project was late.
- The court enforced the liquidated damages clause because the amount was reasonable.
liquidated damages
1pre-agreed contract compensation
money that a contract says someone must pay if they break the agreement
- The contract includes a liquidated damages clause for late delivery.
- The court upheld the liquidated damages because the amount was a reasonable estimate of loss.
- The supplier agreed to pay liquidated damages for each week of delay.
liquidation sale
1discount sale before closure
a sale where a shop sells many things cheaply because it is closing or clearing stock
- The store held a liquidation sale before closing all its branches.
- Most items in the liquidation sale were marked down by 50 percent.
- Crowds lined up early for the electronics chain’s final liquidation sale.
liquidation sale
1Sale of remaining stock
a sale where a store sells everything cheaply, often because it is closing
- The furniture store is holding a liquidation sale before it closes next month.
- Shoppers arrived early for the liquidation sale because all stock was marked down.
- The company used a liquidation sale to clear old inventory from its warehouse.