liquidation — the process of closing down a business and selling its assets to pay debts
Part of speech: NOUN
Definition: the process of closing down a business and selling its assets to pay debts
Pronunciation (IPA): /ˌlɪkwɪˈdeɪʃən/
Korean meaning: 회사를 폐업하고 자산을 매각하여 부채를 갚는 과정, 청산
Korean pronunciation: 리퀴**데이**션
Example Sentences
- The toy store's liquidation sale had 90% off everything - even the store manager looked like a toy nobody wanted to buy.
- The board decided on voluntary liquidation rather than bankruptcy.
- During the liquidation, investors recovered only 30% of their investment.
liquidation
NOUN//ˌlɪkwɪˈdeɪʃən//
the process of closing down a business and selling its assets to pay debts
the process of closing down a business and selling its assets to pay debts
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🌳Etymology
Origin
라틴어 'liquidus(액체의)'에서 유래. 원래 '액체로 만들다'는 뜻이었는데, 자산을 현금(액체 자산)으로 바꾼다는 의미로 발전했다.
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“The toy store's liquidation sale had 90% off everything - even the store manager looked like a toy nobody wanted to buy.”
“The board decided on voluntary liquidation rather than bankruptcy.”
“During the liquidation, investors recovered only 30% of their investment.”
“The restaurant's liquidation was so fast, the soup was still hot when they sold the stove.”
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