liquidationliq‧ui‧da‧tion /ˌlɪkwəˈdeɪʃən/ noun [countable, uncountable] 
Hundreds of small businesses went into liquidation (=were closed).2the act of paying a debt
EXAMPLES FROM THE CORPUS
- A director is not an employee of the company and is not entitled to preferential payment when the company goes into liquidation.
- And so he overlooks liquidation of twenty million people in Soviet Union.
- Boro have been involved in photo-finishes since the 1986 liquidation crisis, while Lawrence performed a permanent highwire act at Charlton Athletic.
- But his group also faces the threat of liquidation proceedings over a A$150million disputed indemnity agreement.
- It may, for example, involve liquidation fraud, where a company voluntarily goes into liquidation to avoid its responsibilities.
- Neither wants to accept responsibility for the repairs needed since the previous contractor went into liquidation.
- The liquidator therefore claimed for recovery of the deficit on liquidation.
- The retailer said inventory liquidation sales will begin next week at the 86 stores, at sites across the country.
WORD SETS
amortize, verbAPR, nounborrowing powers, nouncollateral, nouncompound interest, nouncreditor, nouncredit rating, nouncreditworthy, adjectivedebenture, noundebit note, nounfinance, nounfinance, verbfinance company, nounforeclose, verbhire purchase, nouninterest, nouninterest-free, adjectiveinterest rate, nounletter of credit, nounliquidate, verbliquidation, nounliquidator, nounmoneylender, nounmoney market, nounmoratorium, nounmortgage, nounmortgage, verbofficial receiver, nounowing, adjectivepayable, adjectiveprime rate, nounpromissory note, nounredeem, verbremission, nounremit, verbremortgage, verbrepay, verbrepayable, adjectiverepayment, nounrepossess, verbreschedule, verbsavings and loan association, nounsecure, verbsecurity, nounsequester, verbsequestrate, verbsettlement, nounsimple interest, nounsurety, nounundischarged, adjectiveusurer, nounusurious, adjectiveusury, nounventure capital, noun
COLLOCATIONS FROM THE ENTRY Hundreds of small businesses went into liquidation (=were closed).COLLOCATIONS FROM OTHER ENTRIES
1the act of closing a company by selling the things that belong to it, in order to pay its debts: Hundreds of small businesses went into liquidation (=were closed). (=is closed and sold in order to pay its debts)
COLLOCATIONS FROM THE CORPUSADJECTIVE· One member asked for details of how my father had gone into voluntary liquidation.· They go into voluntary or compulsory liquidation.· It went into voluntary liquidation on 7 May.· Creditors may vote to accept or not to accept either the voluntary liquidation or liquidator.
VERB· In mid-1985 Berg went into liquidation with a deficit of some £15m.· The receiving company went into liquidation the following month.· Kent Opera goes into liquidation after Arts Council grant withdrawn.· Its wholesale arm has now gone into compulsory liquidation.· Land Travel has gone into liquidation.· Tancare has since gone into liquidation.· It is possible that before going into liquidation the buyer had paid part of the price to the seller.· Secondly, that liability to pay can only arise if the company goes into liquidation.
· The company has been put into liquidation, and some of its assets have been sold off to a rival firm.· The firm has been put into liquidation by it's owners, who say they can't afford to pay redundancy money.
Hundreds of small businesses went into liquidation (=were closed).2the act of paying a debt