Definition of "liquidation" []

• The act of exchange of an asset of lesser liquidity with a more liquid one, such as cash. (noun)
• The selling of the assets of a business as part of the process of dissolving the business. (noun)

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• "If so, four or five years, I doubt Obama will be able to pull off the same hijinx and will probably just have to let them enter into a normal bankruptcy process which could very well result in liquidation whereby those UAW pensions are dropped onto the Pension Benefit Guaranty Corporation."
• "Mr. Antonucci, who pleaded guilty to fraud last week, including criminal charges about this transaction, changed the name of the assets to Park Avenue Property & Casualty Insurance Co., the company that is currently in liquidation in the court."
• ""There was some short-term liquidation," said Tom Tucci , head of U.S. government bond trading in New York at primary dealer RBC Capital Markets LLC."