Liquidation

n. process of determining and discharging the financial obligations of a business in preparation for closure; conversion of assets into cash; condition of being liquidated

In law, liquidation refers to the process by which a company (or part of a company) is brought to an end, and the assets and property of the company redistributed. Liquidation can also be referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation.
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Noun
1. termination of a business operation by using its assets to discharge its liabilities
(synonym) settlement
(hypernym) termination, ending, conclusion
(hyponym) viatical settlement, viaticus settlement
(derivation) liquidate, pay off
2. the act of exterminating
(synonym) extermination
(hypernym) destruction, devastation
3. the murder of a competitor
(synonym) elimination
(hypernym) murder, slaying, execution
(derivation) neutralize, neutralise, liquidate, waste, knock off, do in

n. liquidation, bankruptcy; payoff of debts

n. liquidation, process of determining and discharging the financial obligations of a business in preparation for closure; clearance, closeout, selling of all the merchandise in a store