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CEFR B2 — Upper-Intermediate

Liquidation

Definition

The process of selling all the assets of a company in order to pay its debts, often because the company is going out of business or is bankrupt.

Example Sentences

1The company went into liquidation after failing to recover from the financial crisis.
2Is the liquidation of the company a result of poor management or external factors?
3The liquidation process was supervised by a court-appointed trustee to ensure fairness.
4If the company goes into liquidation, all employees will lose their jobs immediately.
5The liquidation of the company's assets will be auctioned off to the highest bidder next month.

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