Liquidation

[lɪkwɪ'deɪʃ(ə)n] or [,lɪkwɪ'deʃən]

(noun.) termination of a business operation by using its assets to discharge its liabilities.

Edited by Bernice--From WordNet

(n.) The act or process of liquidating; the state of being liquidated.

Editor: Olivia

n. Settlement, discharge, adjustment, payment.

Checked by Desmond