Liquidation

n.

1.

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.

Noun	1.	liquidation - termination of a business operation by using its assets to discharge its liabilities Synonyms: settlement
	2.	liquidation - the act of exterminating Synonyms: extermination
	3.	liquidation - the murder of a competitor Synonyms: elimination

LIQUIDATION. A fixed and determinate valuation of things which before were uncertain.

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