Liquidation (noun)

1. The process of converting assets into cash, especially as part of settling a business or an estate.
2. The sale or conversion of assets into cash in order to pay debts or obligations.
3. The process of winding up or closing a business and distributing its assets to creditors or shareholders.

Origin:

From liquidus, meaning liquid or fluid, and -ation, a suffix indicating a process or result.

Examples:

1. The liquidation of the company's assets was necessary to pay off its debts.
2. The liquidation of the estate was a complex and time-consuming process, requiring the sale of real estate, personal property, and stocks.
3. The liquidation of the bankrupt company was overseen by a court-appointed receiver.
4. The liquidation of the investment portfolio was triggered by the sudden drop in stock prices.
5. The liquidation of the store was a disappointment for customers who had grown to love the unique products and friendly service.