Liquidation
Liquidation (lik`wi*dā"shun) , noun
[Compare French liquidation.]
The act or process of liquidating; the state of being liquidated.
Collocations (1)
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.