🇰🇷Korean Source WordCode: KO

청산

Pronunciation / Transliteration: cheongsan

🇬🇧 Direct English Meaning:
Liquidation/ˌlɪk.wɪˈdeɪ.ʃən/
nounCEFR C1 (Advanced)Top #4500 frequency
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🇰🇷 Example Sentence in Korean:

"회사의 청산 절차가 시작되었습니다."

Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    The process of converting assets into cash or settling liabilities, often associated with the winding up of a business.

    "The company announced its liquidation after failing to recover from financial losses."
  2. 2

    The act of eliminating or getting rid of something.

    "The liquidation of outdated inventory helped the store make room for new products."

Thesaurus & Semantic Spectrum

Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

Derived from the Late Latin liquidationem, meaning 'a melting down' or 'clearing,' based on the root liquidus (fluid, liquid). Historically used in finance and commerce from the 17th century to denote the settling of debts or converting assets into cash, and later extended to mean the winding up of a business or, in darker historical contexts, the elimination of opposition.

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