For example Because the company could not continue to trade, a liquidator was appointed. Show source/s Plain English Campaign Give feedback This page was not useful This page was 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 answer, if you can tell us more that would really help Update
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.