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Liquidation refers to a business whose assets are converted to money in order to pay off debt.
Liquidation (also known as winding-up) is one of the forms of Insolvency in the English Courts and is used when the other methods of people, a liquidation is an execution, especially one carried out by an extra-judicial death squad or agency such as the KGB.
Liquidation is also the name of a long running night club in Liverpool
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