To go into liquidation (Law), to turn over to a trustee one's assets and accounts, in order that the several amounts of one's indebtedness may be authoritatively ascertained, and that the assets may be applied toward their discharge.

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OXFORD DICTIONARY

liquidation, n. the process of liquidating a company etc.

Idiom

go into liquidation (of a company etc.) be wound up and have its assets apportioned.

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THESAURUS

liquidation

abolishment, abolition, acquitment, acquittal, acquittance, agiotage, amortization, amortizement, annihilation, annulment, arbitrage, assassination, binder, bloody murder, bumping-off, buying in, cash, cash payment, cashiering, choking, choking off, clearance, debt service, deconsecration, defrayal, defrayment, defrocking, deportation, deposal, deposit, deposition, deprivation, deracination, detachment, dethronement, disbarment, disbarring, disbursal, discard, discharge, discrownment, disenthronement, disjunction, dismissal, displacement, disposal, disposition, doling out, down payment, earnest, earnest money, ejection, elimination, equity capital, eradication, excommunication, exile, expatriation, expulsion, extermination, extinction, extinguishment, extirpation, firing, flier, flutter, forced resignation, foul play, hire purchase, hire purchase plan, homicide, impeachment, installment, installment plan, interest payment, kicking upstairs, manslaughter, monthly payments, murder, negation, never-never, nullification, ostracism, ousting, outlawing, outlawry, overthrow, overthrowal, paying, paying off, paying out, paying up, payment, payment in kind, payoff, pensioning off, plunge, prepayment, profit taking, purge, purging, quarterly payments, quittance, regular payments, remittance, removal, retirement, riddance, rooting out, round trade, satisfaction, scalping, settlement, severance, silencing, sinking-fund payment, snuffing out, speculation, spot cash, spot sale, stifling, stockjobbery, stockjobbing, strangulation, suffocation, superannuation, suppression, suspension, thuggee, thuggery, thuggism, turn, unchurching, unfrocking, unseating, uprooting, venture, venture capital, voiding, weekly payments, withdrawal

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ROGET THESAURUS

liquidation

Payment

N payment, defrayment, discharge, acquittance, quittance, settlement, clearance, liquidation, satisfaction, reckoning, arrangement, acknowledgment, release, receipt, receipt in full, receipt in full of all demands, voucher, salary, compensation, remuneration (reward), repayment, reimbursement, retribution, pay, money paid, ready money, stake, remittance, installment, payer, liquidator, pay cash, pay cash on the barrelhead, paying, paid, owing nothing, out of debt, all straight, unowed, never indebted, to the tune of, on the nail, money down.

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