Die Liquidation
Example: Die Liquidation der Firma erfolgte nach dem Konkurs schnell.
Definition
"Liquidation" refers to the process of closing a company by selling off its assets to pay debts and distribute any remaining funds to shareholders. It typically occurs after a business becomes insolvent or decides to cease operations permanently.
Etymology
The word "Liquidation" comes from the Latin 'liquidare,' meaning 'to make liquid or clear up.' It entered German via French 'liquidation,' originally used in financial contexts to describe settling accounts. Did you know? The term evokes the idea of turning assets into 'liquid' cash to settle obligations.
Learn to use this word actively
"Die Liquidation" appears in the Vocaplus list "German - Entrepreneurship - (A1-C2) - set 1", containing 109 commonly used words.
Would you like to not only understand these words, but also remember them and use them actively? Create a free account and select German as the language you want to learn.
Create a free account
