liquidation
noun [ C or U ] uk/ˌlɪk.wəˈdeɪ.ʃən/ us/ˌlɪk.wəˈdeɪ.ʃən/
清算，清盘
the process of closing a business, so that its assets can be sold to pay its debts, or an instance of this
After three years of heavy losses the company went into liquidation with debts totalling £100 million. 经过三年的严重亏损，该公司进入清盘，债务总额达到1亿英镑。
The construction industry is noted for its high rate of liquidations. 建筑业以其高清盘率而闻名。
See: liquidate
- More examples
- The airline is facing possible liquidation.
- The company went into liquidation, owing substantial amounts to creditors.
- We have seen an increasing rate of both bankruptcies and liquidations.