liquidations
Pronunciation: [lɪkwɪˈdeɪʃənz]
Word
Context: "finance"
(noun) the process of selling off assets to get cash or pay debts. This usually happens when a company is in trouble and needs to pay its bills. Imagine if a store is closing and they sell everything inside to get money back.
Example
The company's liquidations allowed it to pay off all its debts successfully.
Example
There were no liquidations at the store, so it didn't sell anything before closing.
Example
How many liquidations have occurred in the past year?
Context: "business"
(noun) when a business ends its operations and sells its assets. This can happen because the business is closing for good or a new owner is taking over. Think of it as a big farewell sale for a store that has decided to stop selling things.
Example
The liquidations went very well, with many customers enjoying the discounts.
Example
The liquidations at that shop did not attract many buyers, leading to disappointment.
Example
What factors lead to successful liquidations for a business?
0s0s