liquidation
noun
ˌlɪkwɪəˈdeɪʃən
noun
1
the
act
of
closing
a
company
by
selling
the
things
that
belong
to
it,
in
order
to
pay
its
debts
停业清盘，清算〔指公司停业后出售资产以偿还债务〕
Hundreds
of
small
businesses
went
into
liquidation
(=were
closed)
.
数以百计的小公司破产了。
2
the
act
of
paying
a
debt
〔债务的〕清偿