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Liquidate

usgb/ˈlɪkwɪdeɪt/Volume
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Financial DistressPlay
Used when a company cannot meet financial obligations and must sell assets. SlideAfter the lawsuit, they had to liquidate to survive.
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Not Just ClosurePlay
'Liquidate' often implies selling assets before closing a company, but can also occur while still operating. SlideThe business chose to liquidate surplus inventory while continuing sales.
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Legal ImplicationPlay
The process may be overseen by courts or legal professionals to ensure fairness. SlideThe court appointed a manager to liquidate the company's assets.