liquidation
Meaning: The process of closing a business by selling its assets to pay off debts; the conversion of assets into cash.
Liquidation can be voluntary (when owners decide to close) or compulsory (ordered by a court). A liquidator is appointed to sell the company's assets and distribute the proceeds to creditors. 'Going into liquidation' is a common phrase in business news. The verb form is 'liquidate,' which can also informally mean to destroy or eliminate.
Examples
- The retail chain went into liquidation after failing to secure additional funding. 该零售连锁店在未能获得追加融资后进入了清算程序。La cadena minorista entró en liquidación tras no conseguir financiación adicional.その小売チェーンは追加資金の確保に失敗し、清算手続きに入った。그 소매 체인은 추가 자금 확보에 실패한 후 청산 절차에 들어갔다.
- A liquidator was appointed to oversee the sale of the company's remaining assets. 一名清算人被任命监督公司剩余资产的出售。Se nombró un liquidador para supervisar la venta de los activos restantes de la empresa.清算人が任命され、会社の残余資産の売却を監督した。청산인이 임명되어 회사 잔여 자산의 매각을 감독했다.
- The liquidation sale offered stock at heavily discounted prices. 清仓大甩卖以大幅折扣价格出售库存。La venta por liquidación ofrecía existencias a precios muy rebajados.清算セールでは在庫品が大幅な割引価格で提供された。청산 세일에서 재고 상품이 대폭 할인된 가격으로 제공되었다.
Pronunciation
Usage Guide
Context: professional, media
Tone: neutral
Origin & History
From medieval Latin liquidatio (a making clear), from Latin liquidare (to make liquid, make clear), from liquidus (liquid, clear). The financial sense developed in the 18th century.
Cultural Context
Era: Modern
Generation: All ages
Social background: Universal
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