the process of voluntarily terminating the affairs of a business, firm, etc, by realizing its assets to discharge its liabilities or the state of a business firm, etc, having its affairs so terminated
Shareholders will vote on a motion for voluntary liquidation.
If a company goes into voluntary liquidation, creditors can pursue their money throughthe legal process.
Examples of 'voluntary liquidation' in a sentence
voluntary liquidation
It followed reports the company was seeking voluntary liquidation.