liquidation
the legal closing of a company when its assets are sold to pay debts
The formal process of closing a business, selling its assets, and using the money to pay its debts.
selling things a business owns so it can get cash
The act of selling property, inventory, or other assets, often quickly or at reduced prices, in order to turn them into cash.
when an investment position is sold or closed, often automatically, because there is not enough money to support it
In investing or trading, the selling or automatic closing of a position, especially to get cash, limit losses, or meet margin or collateral requirements.
the complete ending or removal of something, in very formal language
The complete removal, ending, or abolition of a problem, system, institution, or condition.
the killing of someone, often for political or criminal reasons; a formal and harsh word
The deliberate killing of a person or group, especially for political, military, or criminal reasons.
- 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.
- The court ordered compulsory liquidation.
- The company could not pay its debts.
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.
- The price drop caused forced liquidation.
- The broker closed the position automatically.
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.
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.
- The firm is in liquidation.
- Its assets are being sold.
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.
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.
- The liquidation value was low.
- It means the price if sold quickly.
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.
- The owners put the company into liquidation.
- The company had too many debts.
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.
- The owners chose voluntary liquidation.
- They decided to close the company.