Liquidation vs Closeout - What's the difference?
liquidation | closeout |
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.
(surfing) A wave which breaks all at once, as opposed to breaking progressively along its length.
(retail) A sale in which all merchandise is sold, at whatever reduced price is necessary
As nouns the difference between liquidation and closeout
is that liquidation is the act of exchange of an asset of lesser liquidity with a more liquid one, such as cash while closeout is (surfing) a wave which breaks all at once, as opposed to breaking progressively along its length.liquidation
English
Noun
(en noun) (wikipedia liquidation)- The store is having a liquidation sale, everything must go as they go out of business.
closeout
English
Noun
(en noun)- Dealing with closeouts is something every surfer should learn – especially if you live and surf in California. — Chris Cote, Transworld Surf [http://www.transworldsurf.com/surf/howto/article/0,,595802,00.html]
