liquidation
C2CEFR level
55/100Rarity: uncommon
TechnicalRegister
Law noun
The winding up of a company by selling its assets to pay creditors.
In liquidation, secured creditors are paid first.
Business noun
The winding up of a company through the sale of its assets in order to repay its creditors.
The court ordered the compulsory liquidation of the insolvent bank.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
Get words like liquidation on your lock screen, a few a day, with review that makes them stick.
Download on the App Store Lexfall puts a new word on your home and lock screen through widgets, so you learn without opening an app. Free to download. After a free trial, a subscription unlocks every field. Built for iPhone, iOS 15.1 or later.
On a computer?Scan with your iPhone camera.