MANAGEMENT

Detailed explanation-1: -To liquidate assets means to convert non-liquid assets into liquid assets by selling them on the open market. An individual or company can voluntarily liquidate an asset, or can be forced to liquidate assets through the bankruptcy process.

Detailed explanation-2: -Liquidate refers to turning assets into cash or cash equivalents by selling them on the open market. Liquidate is also a term used in bankruptcy proceedings in which a person decides to turn assets into a “liquid” form (cash) or is compelled by a legal decision or contract.

Detailed explanation-3: -What Does It Mean to Liquidate Money? To liquidate means to convert assets into cash. For example, a person may sell their home, car, or other asset and receive cash for doing so. This is known as liquidation.

Detailed explanation-4: -Liquidation is the process of selling off assets to repay creditors and dissolve a business. An example of liquidation would be a company selling off its inventory, property, and other assets in order to pay its creditors and close its doors.