Etymology:
Meaning:
Origin:
The term "liquidation" originates from the Latin word liquidus, meaning "liquid." In ancient Rome, it referred to the process of melting down solid assets, such as gold and silver, into liquid form in order to pay debts.
Over time, the term was extended to include the conversion of any type of asset into cash, particularly in financial contexts. In the 17th century, the term began to be used specifically in the context of bankruptcy proceedings, referring to the process of distributing the assets of an insolvent debtor to creditors.
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