Hypertext Webster Gateway: "liquidation"
From Webster's Revised Unabridged Dictionary (1913) (web1913)
Liquidation \Liq`ui*da"tion\ (l[i^]k`w[i^]*d[=a]"sh[u^]n), n.
[Cf. F. liquidation.]
The act or process of liquidating; the state of being
liquidated.
{To go into liquidation} (Law), to turn over to a trustee
one's assets and accounts, in order that the several
amounts of one's indebtedness may be authoritatively
ascertained, and that the assets may be applied toward
their discharge.
From WordNet (r) 1.7 (wn)
liquidation
n 1: terminating a business operation [syn: {settlement}]
2: the act of exterminating [syn: {extermination}]
3: the murder of a competitor [syn: {elimination}]
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