Definition of Liquidetion
Liq`ui*da"tion
(l&ibreve;k`w&ibreve;*dā"shŭn), n.
[Cf. F. liquidation.] The act or process of liquidating;
the state of being liquidated.
To go into liquidation (Law), to turn
over to a trustee one's assets and accounts, in order that the
several amounts of one's indebtedness may be authoritatively
ascertained, and that the assets may be applied toward their
discharge.
- Webster's Unabridged Dictionary (1913)
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The correct Spelling of this word is: Liquidation
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