liquidation

The act of liquidating; the act of adjusting debts, or ascertaining their amount or the balance of them due.

The act or process of liquidating; the state of being liquidated.

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.

The act of exchange of an asset of lesser liquidity with a more liquid one, such as cash.

The selling of the assets of a business as part of the process of dissolving the business.