liquidation
Liquidation (noun) means the process of closing down a business by selling its assets and settling debts. Example: “The store held a liquidation sale before shutting its doors for good.”
How to use liquidation
Learner’s notesIn plain EnglishThe formal winding-up of a business, selling everything it owns to pay what it owes.
Word forms
- Plural
- liquidations
Fill the gap
Can you complete this real example?
The store held a _____ sale before shutting its doors for good.
Etymology
From liquidate plus the noun-forming suffix -ion.