liquidation
|liq-ui-da-tion|
/ˌlɪkwɪˈdeɪʃən/
(liquidate)
settle or convert
Etymology
'liquidation' originates from the Latin word 'liquidare,' where 'liquidus' meant 'clear, liquid.'
'liquidare' transformed into the French word 'liquider,' and eventually became the modern English word 'liquidation' through Middle English.
Initially, it meant 'to make clear or liquid,' but over time it evolved into its current meaning of 'settling debts or converting assets into cash.'
Meanings by Part of Speech
Noun 1
the process of bringing a business to an end and distributing its assets to claimants.
The company went into liquidation after failing to pay its debts.
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Noun 2
the act of converting assets into cash.
The liquidation of assets was necessary to pay off the creditors.
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Last updated: 2025/01/11 11:45