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Cancellation vs Liquidation - What's the difference?

cancellation | liquidation |

As nouns the difference between cancellation and liquidation

is that cancellation is the act, process, or result of cancelling; as, the cancellation of certain words in a contract, or of the contract itself while liquidation is the act of exchange of an asset of lesser liquidity with a more liquid one, such as cash.

cancellation

English

(cancellation)

Alternative forms

* cancelation (US)

Noun

(en noun)
  • The act, process, or result of cancelling; as, the cancellation of certain words in a contract, or of the contract itself.
  • (mathematics) The operation of striking out common factors, in both the dividend and divisor.
  • (philately) A postmark that marks a postage stamp so as to prevent its reuse.
  • (legal) In United States intellectual property law, a proceeding in which an interested party seeks to cancel the registration of a trademark or patent.

    • Related terms

    * cancel * killer cancel

    liquidation

    English

    Noun

    (en noun) (wikipedia liquidation)
  • The act of exchange of an asset of lesser liquidity with a more liquid one, such as cash.
  • The selling of the assets of a business as part of the process of dissolving the business.
    • The store is having a liquidation sale, everything must go as they go out of business.

    Related terms

    * liquid * liquidate * liquidator * liquidity * liquidizer * liquor