Liquidator
/ˈlɪkwɪdeɪtər/
Definition 1 of 3
Pro Tip 1/3Company Closure
Used when a business is closing down permanently and needs to handle its finances and assets lawfully. 
The shareholders voted for a liquidator to finalize the company's closure.
Pro Tip 2/3Financial Responsibility
Signifies someone trusted with the serious task of distributing a failing company's remaining money. 
A liquidator must be fair in allocating funds to the company's creditors.
Pro Tip 3/3Legal Authority
Indicates a person with legally granted power to dissolve a corporation or business. 
By law, only the appointed liquidator can sell the company's patents. Compare with
AdministratorExecutorReceiverTrustee
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