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

likwidacja (spółki)

rzeczownik

full

liquidation

noun

Definitions of liquidation

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.

the act of converting an asset into cash by selling it

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