self-liquidationn.
/ˌsɛlfˌlɪkwᵻˈdeɪʃn/, U.S. /ˌsɛlfˌlɪkwəˈdeɪʃən/ 1.
a. The action or process by which a company or business winds up its own affairs by ascertaining its liabilities and apportioning its assets. Also: an instance of this.
ΚΠ
1873 Examiner & Chron. (N.Y.) 9 Oct. 233/1 The London and Birmingham Assurance Co., of England, is undergoing the process of self-liquidation, the policies in force being transferred to other companies.
1932 Lima (Ohio) Sunday News 21 Aug. 1/6 Federal legislation provided..for the self-liquidation of the corporations.
1965 Times 29 Nov. 16/1 The situation has already driven some smaller companies to self-liquidation.
2004 A. E. Peck Econ. Devel. Kazakhstan vii. 122 The situation at the enterprise had deteriorated to the point that it announced a self-liquidation.
b. The action or process by which an organization, political party, system, etc., destroys or dismantles itself; self-destruction. Cf. liquidate v. 7, liquidation n. 3b.
ΘΚΠ
the world > existence and causation > creation > destruction > [noun] > self-destruction
self-murdera1631
felon-de-se1648
felo-de-se1678
self-destructiveness1733
self-combustion1837
auto-destruction1888
self-liquidation1928
self-destruct1962
auto-destruct1968
1928 Times of India 18 Aug. 15/3 We do not propose self-liquidation, but are opposed to legalist deviation which will render the Communist Party a harmless nominal entity.
1949 A. Koestler Promise & Fulfilm. ii. iv. 253 This difference..was demonstrated by Irgun's voluntary self-liquidation..as opposed to the Stern Group's persistence in terrorism.
1964 I. L. Horowitz New Sociol. 17 The recent work in some quarters..seems to point precisely in the direction of the self-liquidation of sociology.
1974 P. L. Berger Pyramids of Sacrifice vii. 199 It would suffice to characterize both these positions as a self-liquidation of the scientific ideal.
2005 Guardian (Nexis) 4 Apr. It was not obvious at the time..that a promising Soviet apparatchik called Gorbachev would lead the Soviet Union into self-liquidation.
2. Finance (originally U.S.).
a. The action or fact of repaying a loan from the revenue generated by the assets acquired or developed using the funds loaned. Cf. earlier self-liquidating adj. 1a.
ΚΠ
1911 Jrnl. Amer. Bankers Assoc. Mar. 535/2 Mercantile loans of high class are everywhere considered desirable..because of their inherent power of self-liquidation.
1932 Burroughs Clearing House Mar. 23/1 The idea of self-liquidation, of having a definite source of repayment in sight, of inquiring into the purpose of the loan with a view to finding out how far the money is to be sunk in fixed assets, all these relate to the liquidity of loans.
1949 H. V. Prochnow Term Loans & Theories of Bank Liquidity i. 5 The belief that commercial banks..should extend credit only for short periods and for purposes which result in the self-liquidation of the credit.
1964 Ada (Okla.) Evening News 2 Feb. 4/7 In many cases, these bonds will be repaid through self liquidation, putting no direct bite on the taxpayer's wallet.
2010 Trade Finance (Nexis) Dec. Taking security is useful, but structure and monitoring to achieve the self-liquidation of the debt is key.
b. With reference to a project, enterprise, etc.: the action or practice of generating enough revenue to repay investment; the condition of being self-financing.
ΚΠ
1916 Bull. National Assoc. Credit Men Feb. 201 The prime idea to hold in mind is that of self-liquidation, which is the automatic form of a successful business.
1945 Proc. Calif. Water Conf. vi. 347 Without the large returns from low-cost power, and the consequent self-liquidation of the project,..the Congress may be quite reluctant to undertake the project.
1969 H. E. Jolley Blue Ridge Parkway (1995) iv. 34 President Roosevelt was credited with suggesting the highway be made a toll road as a means of self-liquidation.
2006 R. E. Seavoy Econ. Hist. United States xiv. 281 Congress..authorized loans to state and municipal governments to begin construction of public works projects on the basis of long-term self-liquidation.
This entry has been updated (OED Third Edition, January 2018; most recently modified version published online March 2022).
<
n.1873