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Liquidation   /lˌɪkwɪdˈeɪʃən/   Listen
Liquidation

noun
1.
Termination of a business operation by using its assets to discharge its liabilities.  Synonym: settlement.
2.
The act of exterminating.  Synonym: extermination.
3.
The murder of a competitor.  Synonym: elimination.






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"Liquidation" Quotes from Famous Books



... in consideration of which accommodation Addicks should forfeit the old Boston companies to him through Bay State's failure to comply with the terms of the May contract which matured the following Monday. Rogers would administer these companies in trust, applying their earnings to the liquidation of the bonds, and after these latter had been paid off, would turn them back to the Bay State Company for the benefit of its stock; or he would release the companies to us whenever we could raise the money to redeem them. Thus Rogers would make sure of the amount of ...
— Frenzied Finance - Vol. 1: The Crime of Amalgamated • Thomas W. Lawson

... confiscation of the estates of the fraudulent directors; the credit of the Company's bonds was maintained; thirty-three pounds six shillings and eightpence per cent. were divided among the proprietors, and two millions were reserved towards the liquidation of the national debt. The Company was therefore put into a position to carry out its various public engagements, and the panic was soon over. Many of the proprietors of the Company complained bitterly of the ...
— A History of the Four Georges, Volume I (of 4) • Justin McCarthy

... sentence ofa short story or the first chapter of a novel gave the whole show away. We welcomed the English stories of a decade ago that began to give the complexities of life instead of the conventions of a plot. But this complete liquidation rather appals us. The novels I have mentioned so far in this article have all together not enough plot to set up one lively Victorian novel. Benet, Dos Passos, Fitzgerald—the flood-gates of each mind have been opened, and all that the years had dammed ...
— Definitions • Henry Seidel Canby

... cases, the Court gave its approval to an extension by the State of New York of its moratorium legislation. While recognizing that business conditions had improved, the Court was of the opinion that there was reason to believe that "'the sudden termination of the legislation which has damned up normal liquidation of these mortgages for more than eight years might well result in an emergency more acute than that which the original legislation was ...
— The Constitution of the United States of America: Analysis and Interpretation • Edward Corwin

... fraught with certain ruin to producers. It is causing in the United States a condition frightful to contemplate. The mass of debts is piling up at a ratio that absolutely threatens, if a halt in the automatic process is not soon called, a universal insolvency. Indeed a general liquidation is already impossible. He is no alarmist who counsels a timely and rational remedy as not only demanded by justice, but as anticipatory of violent readjustment. Under such disquieting conditions is it not as criminal ...
— The Arena - Volume 18, No. 92, July, 1897 • Various


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