
Liquidate
Financial Distress
Used when a company cannot meet financial obligations and must sell assets.
After the lawsuit, they had to liquidate to survive.
Not Just Closure
'Liquidate' often implies selling assets before closing a company, but can also occur while still operating.
The business chose to liquidate surplus inventory while continuing sales.
Legal Implication
The process may be overseen by courts or legal professionals to ensure fairness.
The court appointed a manager to liquidate the company's assets. Compare with
Clear outDispose ofEliminateLiquidizePay offSell offSettle
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