There are multiple definitions - click on the translation that matches your context.

Liquidierung

Substantiv

full

liquidation

noun

Definitions of liquidation

English

concluding a company's affairs by selling its assets and paying its debts with any surplus being distributed to the owners

By then, the company was in liquidation and most of the workforce had lost their jobs.

English

the act of converting an asset into cash by selling it

This is the highest rate of liquidation of gold reserves in a decade.