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What does liquidation mean?

Looking for the meaning or definition of the word liquidation? Here's what it means.

Noun
  1. The act of exchange of an asset of lesser liquidity with a more liquid one, such as cash.
  2. The selling of the assets of a business as part of the process of dissolving the business.
  3. murder
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Examples
An abrupt reversal caught the markets off-guard, requiring an immediate liquidation of leveraged long positions.
Of course, if the company went into liquidation, that would be a different question.
Both banks went into liquidation shortly after the cheques were written, making the cheques extremely rare.
The company went into liquidation and we are currently making the statutory enquiries.
That company went into liquidation and she and the appellant then decided to market such a course themselves.
A mystery Danish businessman has vanished after the company he founded went into liquidation owing thousands of pounds.

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