liquidation
Closing a company legally
the legal closing of a company when its assets are sold to pay debts
[company/business] goes into liquidation; liquidation of [company/business]
- The chain went into liquidation after failing to find a buyer.
- During liquidation, the firm's assets were sold and the proceeds were paid to creditors.
- Employees lost their jobs when the company entered liquidation.
- The company is in liquidation.
- Liquidation means the business is closing.
Selling assets for cash
selling things a business owns so it can get cash
liquidation of [assets/inventory/stock]
- The liquidation of the store's remaining stock drew long lines of bargain hunters.
- After the merger, managers ordered the liquidation of duplicate equipment.
- The family avoided borrowing by arranging the liquidation of a few unused properties.
- The shop sold everything in a liquidation.
- Asset liquidation can help a company get cash quickly.
Closing financial positions
when an investment position is sold or closed, often automatically, because there is not enough money to support it
liquidation of [position/holdings/collateral]
- When the coin dropped below the required level, the platform triggered the liquidation of her leveraged position.
- The fund sold bonds to avoid the forced liquidation of other holdings.
- Traders watched the liquidation price closely as the market became more volatile.
- A big price drop caused a liquidation.
- The app warned him about liquidation risk.
Complete removal of something
the complete ending or removal of something, in very formal language
liquidation of [problem/system/institution]
- The reform plan called for the liquidation of outdated local committees.
- The party promised the liquidation of corruption, though critics doubted the claim.
- Writers later described the period as the liquidation of the old political order.
- In formal writing, liquidation can mean complete removal.
- The phrase means the old system ended.
Deliberate killing of people
the killing of someone, often for political or criminal reasons; a formal and harsh word
liquidation of [opponents/dissidents/rivals]
- The report described the secret liquidation of several dissidents.
- Historians documented the liquidation of political opponents during the dictatorship.
- Prosecutors said the gang ordered the liquidation of a rival witness.
- The book describes the liquidation of opponents.
- Here, liquidation means killing.
- Base: liquidation
- Plural: liquidation
compulsory liquidation
1Court-ordered company liquidation
company liquidation that a court orders because the company cannot pay its debts
- A judge ordered the company's compulsory liquidation after it failed to pay a major tax debt.
- Creditors petitioned for compulsory liquidation when the builder stopped paying invoices.
- The threat of compulsory liquidation pushed the owners to seek an emergency rescue deal.
forced liquidation
1Required sale of assets
when assets or investments must be sold because a rule or debt requirement has not been met
- A sudden market fall caused the forced liquidation of thousands of leveraged positions.
- The bank demanded the forced liquidation of the collateral after the borrower defaulted.
- Investors feared that forced liquidation would push prices even lower.
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.
in liquidation
1Being formally wound up
being in the legal process of closing and selling assets
- The manufacturer is now in liquidation, and creditors are waiting for payment.
- A company in liquidation cannot usually trade in the normal way.
- She bought machinery from a factory that was in liquidation.
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.
liquidation value
1Value if sold quickly
the amount something may be worth if it has to be sold quickly
- The lender cared more about the equipment's liquidation value than its original cost.
- Analysts estimated that the company's liquidation value was below its total debt.
- The machinery had a low liquidation value because there were few buyers.
put into liquidation
1Make company enter liquidation
to start the legal closing process for a company
- Creditors applied to have the company put into liquidation.
- The directors decided to put the subsidiary into liquidation after years of losses.
- The contractor was put into liquidation before the project was finished.
voluntary liquidation
1Chosen company liquidation
company liquidation that the owners or directors choose to start
- Shareholders approved a voluntary liquidation after the company sold its main business.
- The directors chose voluntary liquidation instead of looking for another buyer.
- In a voluntary liquidation, the company itself starts the winding-up process.