To go into liquidation

To go into liquidation
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. [1913 Webster]

{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. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

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  • go into liquidation — (of a commercial firm, etc) to be wound up, cease trading • • • Main Entry: ↑liquid …   Useful english dictionary

  • 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. [1913 Webster] {To go into liquidation} (Law), to turn over to a trustee one s assets and accounts, in order… …   The Collaborative International Dictionary of English

  • liquidation — [lik΄wi dā′shən] n. a liquidating or being liquidated go into liquidation to close one s business by collecting assets and settling all debts …   English World dictionary

  • liquidation — Occurs when a firm s business is terminated. assets are sold, proceeds are used to pay creditors, and any leftovers are distributed to shareholders. Any transaction that offsets or closes out a long or short position. Related: buy in, evening up …   Financial and business terms

  • Liquidation — When a firm s business is terminated, assets are sold, proceeds pay creditors and any leftovers are distributed to shareholders. Any transaction that offsets or closes out a Long or short position. Related: buy in, evening up, offsetliquidity.… …   Financial and business terms

  • liquidation — noun ADJECTIVE ▪ compulsory (BrE), forced (AmE), voluntary VERB + LIQUIDATION ▪ be forced into, be placed in (BrE), be put into (BrE), go into …   Collocations dictionary

  • liquidation — UK [ˌlɪkwɪˈdeɪʃ(ə)n] / US noun [countable/uncountable] Word forms liquidation : singular liquidation plural liquidations business 1) a situation in which a business closes and sells everything it owns in order to pay money that it owes go into… …   English dictionary

  • liquidation — liq|ui|da|tion [ ,lıkwı deıʃn ] noun count or uncount BUSINESS 1. ) a situation in which a business closes and sells everything it owns in order to pay money that it owes: go into liquidation: The toy manufacturer has gone into liquidation. 2. )… …   Usage of the words and phrases in modern English

  • liquidation — noun (C, U) 1 the act of closing down a company in order to pay its debts by selling its assets asset (1): go into liquidation: land being sold off because the builder has gone into liquidation 2 the act of paying a debt …   Longman dictionary of contemporary English

  • liquidation — /ˌlɪkwɪ deɪʃ(ə)n/ noun 1. ♦ liquidation of a debt payment of a debt 2. the winding up or closing of a company and selling of its assets ♦ on a liquidation basis at a very low bid price to encourage buyers ♦ the company went into liquidation the… …   Dictionary of banking and finance

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