liquidation - Definition from the LOANS topic - BUSINESS

Topic: LOANS

liquidation
noun

liq‧ui‧da‧tion See pronunciation table in "How to use dictionary" pages

See pronunciation table in "How to use dictionary" pages

[uncountable and countable]

1BFL the act of closing a company by selling the things that belong to it, in order to pay its debts:

Look up a word starting with D or S for samples of headword or sentence pronunciations on the LDOCE CD-ROM

Hundreds of small businesses went into liquidation (=were closed).

2BFL the act of paying a debt

Definition of liquidation from the Longman Dictionary of Contemporary English within
the topic LOANS

Explore LOANS Topic

amortize APR borrowing powers collateral compound interest creditor credit rating creditworthy debenture debit note finance(n) finance(v) finance company foreclose hire purchase interest interest-free interest rate letter of credit liquidate liquidation liquidator loan moneylender money market moratorium mortgage(n) mortgage(v) official receiver owing payable prime rate promissory note redeem remission remit remortgage repay repayable repayment repossess reschedule secure security sequester sequestrate settlement simple interest surety undischarged usurer usurious usury venture capital

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