For example Because the company could not continue to trade, a liquidator was appointed. Show source/s Plain English Campaign Give feedback This page is not useful This page is useful Thank you for your feedback. If you have another few minutes please take the time to tell us about our new Dictionary service. Thank you for your feedback. If you could tell us more, it would really help. Submit
Liquidation The process of winding up a company by disposing of its assets, paying its creditors in a strict order of priority and distributing any money left among the members.