D defs.my
Entry 1 sense Webster, 1913

Liquidation

/(lĭk`wĭ*dā"shŭn)/ · Liq·ui·da·tion · IPA /ˌlɪkwəˈdeɪʃən/
01 n. The act or process of liquidating; the state of being liquidated.
  1. 1.
    The act or process of liquidating; the state of being liquidated.
Phrases & compounds
To go into liquidation — to turn over to a trustee one's assets and accounts, in order that the several amounts of one's indebtedness may be authoritatively ascertained, and that the assets may be applied toward their discharge.