Liquidation vs Eliminate - What's the difference?
liquidation | eliminate |
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.
(slang) To kill (a person or animal).
(physiology) To excrete (waste products).
To exclude (from investigation or from further competition).
(accounting) To record amounts in a to remove the effects of inter-company transactions.
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As a noun liquidation
is the act of exchange of an asset of lesser liquidity with a more liquid one, such as cash.As a verb eliminate is
to completely destroy (something) so that it no longer exists
. liquidation
English
Noun
(en noun) (wikipedia liquidation)- The store is having a liquidation sale, everything must go as they go out of business.
eliminate
English
Verb
(eliminat)To completely destroy (something) so that it no longer exists.
- Bill was eliminated as a suspect when the police interviewed witnesses.
- John was eliminated as a contestant when it was found he had gained, rather than lost, weight.
FindMyBestCPA.com - Consolidated Statements (Interco eliminations)