Liquidator (noun)

A person appointed to manage and sell the assets of a company that is being dissolved or wound up.

Origin:

The word 'liquidator' is derived from the latin word 'liquidare' which means 'to make liquid' or 'to liquidate'.

Examples:

1. The liquidator was tasked with selling the company's assets to repay its creditors.
2. The court appointed a liquidator to manage the winding up of the bankrupt estate.
3. The liquidator was responsible for conducting a fair and transparent auction of the company's assets.
4. The liquidator's report indicated that there were sufficient assets to pay off all of the company's debts.
5. The liquidator was heavily criticized for his handling of the winding up process, which was deemed unfair to the company's employees.