The act of exchange of an asset of lesser liquidity with a more liquid one, such as cash. / The selling of the assets of a business as part of the process of dissolving the business.

plural of liquidation

A substance that is flowing, and keeping no shape, such as water; a substance of which the molecules, while not tending to separate from one another like those of a gas, readily change their relative position, and which therefore retains no definite shape, except that determined by the containing receptacle; an inelastic fluid.

Flowing freely like water; fluid; not solid and not gaseous; composed of particles that move freely among each other on the slightest pressure.

simple past tense and past participle of liquidate

Third-person singular simple present indicative form of liquidate

Having undergone liquidation. / (law) Set; ascertained; made certain by operation of law.

present participle of liquidate

plural of liquid

(transitive) To settle (a debt) by paying the outstanding amount. / (transitive) To settle the affairs of (a company), by using its assets to pay its debts.