liq‧ui‧da‧tion /ˌlɪkwəˈdeɪʃən, ˌlɪkwɪˈdeɪʃən/ noun [uncountable and countable]

1. the 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).

2. the act of paying a debt

[TahlilGaran] Dictionary of Contemporary English ▲

liquidation
noun
ADJ. compulsory, voluntary
VERB + LIQUIDATION be forced into, be placed in, be put into, go into The firm may be forced into liquidation.
PREP. in ~ a company in liquidation

[TahlilGaran] Collocations Dictionary ▲