liquidation

noun

Stress: third syllable

Syllables: liq-ui-da-tion (4)

English Definition

The process of closing a business and selling its assets to pay off debts.

Example Sentence

The company went into liquidation after declaring bankruptcy.

US IPA /ˌlɪkwɪˈdeɪʃn/
UK IPA /ˌlɪkwɪˈdeɪʃn/