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July 28, 2011
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Liquidation

http://d3fzrw9hngh8qa.cloudfront.net/glossary/Liquidation.mp4

Liquidation is when a company goes bankrupt because it owes lots of people money. The company’s assets are typically sold to pay off these people. For example, the 2008 credit crunch hurt the profits of many small businesses and forced them into liquidation.

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