Business Liquidation

verb to settle or pay off (a debt), to convert assets into cash, to eliminate or wind up a business or organization

• The company decided to liquidate its assets in order to pay off its debts.
• I heard that the store is going to liquidate all their inventory with a huge sale.
• We need to liquidate these old clothes before we move to the new place.
• He had to liquidate his emotions and let go of the past to move forward.

noun a person or entity responsible for winding up the affairs of a company or firm, especially in bankruptcy

• The liquidator was appointed to wind up the company's affairs and distribute its assets.
• The liquidator is the person in charge of selling off the company's stuff.
• The liquidator is the one who's gonna make sure everything gets sold off.
• In the game of business, the liquidator is like the Grim Reaper, coming to close the chapter on a failed venture.