liquidate
to sell something valuable so that you have cash
To sell assets, property, investments, or inventory, usually quickly or completely, in order to obtain cash.
to close a company and sell what it owns to pay its debts
To close a business or organization legally by selling its assets and using the money to pay its debts.
to pay a debt completely
To pay off or settle a debt, claim, or other financial obligation.
to kill someone in a planned or official-sounding way
To kill someone, especially as part of a political, military, or criminal operation; often used as a cold or euphemistic term.
to remove or destroy something completely
To destroy, abolish, or remove an organization, system, threat, or opposition completely, often through severe or forceful action.
- 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.
- The small factory went into liquidation last year.
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.
- The company went into liquidation.
- The business could not pay its debts.
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.
- She liquidated her position in the stock.
- The broker liquidated his position after prices fell.
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.
- The contract set liquidated damages.
- They had to pay liquidated damages for the delay.
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.
- The buyer had to pay liquidated damages for canceling late.
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.
- The shop had a liquidation sale before it closed.
- I bought a chair at a 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.
- The store has a liquidation sale.
- Everything is cheap in the liquidation sale.