it was liquidated

USAGE SUMMARY

The phrase "it was liquidated" is correct and usable in written English.
You can use it in contexts related to finance or business, particularly when referring to the process of selling off assets or closing a business. Example: "After years of struggling to stay afloat, the company finally declared bankruptcy, and it was liquidated to pay off creditors."

✓ Grammatically correct

News & Media

Science

Encyclopedias

Wiki

Human-verified examples from authoritative sources

Exact Expressions

17 human-written examples

The younger Guastavino lived until 1950, and the company survived until 1963, when it was liquidated after the completion of its last big project, the National Shrine of the Immaculate Conception in Washington.

The New York Times - Arts

(It was liquidated in August 1944).

The New York Times

In two years it was bankrupt; in 2002 it was liquidated.

The Economist

This view, Mr. Galbraith noted, "the Society reiterated until it was liquidated".

The New York Times

He had a $250,000 gold position, and he only got back $50,000 after it was liquidated".

The New York Times

The dot-com implosion, the economic slowdown and changes in the competitive landscape contributed to the company's demise, and it was liquidated near the end of 2002.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

41 human-written examples

OTTAWA — After rejecting an offer of emergency financing from Air Canada, Aveos Fleet Performance said on Tuesday that it was liquidating its aircraft maintenance business and laying off all of its 2,600 employees.

The New York Times

Putnam Investments, one of the oldest names in the mutual fund industry, announced Thursday that it was liquidating its Putnam Prime Money Market Fund, a $12.3 billion fund that serves only professional investors.

The New York Times

Braddock Financial, a Denver-based adviser that specializes in structured products, told investors earlier this month it was liquidating its $300 million Galena Street Fund and suspending redemptions because of events in the asset-backed markets.

Forbes

Adding to the pile Monday was Bank of America, which told institutional investors in its $33 billion Columbia Strategic Cash fund that it was liquidating the fund.

Forbes

A Shoe Pavilion recently departed after the company, which is based in Sherman Oaks, Calif., announced in October that it was liquidating assets.

The New York Times

Expert writing Tips

Best practice

When using "it was liquidated", ensure the context clearly indicates what "it" refers to, avoiding ambiguity. For example, specify the company or asset being liquidated.

Common error

Avoid assuming that liquidation always implies complete failure. Sometimes, a company may be liquidated as part of a strategic restructuring or merger, not necessarily due to bankruptcy.

Linguistic Context

The phrase "it was liquidated" functions as a passive construction indicating that a subject (company, asset, etc.) underwent the process of liquidation. Ludwig AI confirms its grammatical correctness and frequent usage across various contexts.

Expression frequency: Common

Frequent in

News & Media

60%

Science

20%

Wiki

10%

Less common in

Encyclopedias

5%

Formal & Business

5%

Reference

0%

Ludwig's WRAP-UP

In summary, the phrase "it was liquidated" is a grammatically sound and commonly used expression, as Ludwig AI confirms. It serves to describe the process where an entity's assets are sold off, often due to bankruptcy or closure. It is primarily employed in neutral to professional contexts such as news reports and financial analyses. While generally indicating a negative outcome, it can also describe strategic restructuring. When using this phrase, clarify what "it" refers to and avoid assuming complete failure in all cases.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

it underwent liquidation

Replaces the passive voice with a more active verb construction centered around the process itself.

it was wound up

Uses a phrasal verb to convey the cessation of business operations and asset distribution.

it went into liquidation

Focuses on the entry into the state of liquidation, emphasizing the transition.

it was dissolved

Indicates the formal termination of an organization or entity.

it was terminated

Emphasizes the ending or cessation of something, applicable to various contexts.

it ceased operations

Focuses on the cessation of activity, highlighting the end of functionality.

it was bankrupted

Highlights the financial failure leading to the liquidation.

its assets were sold off

Specific to the action of selling assets, rather than the overall process.

it was shut down

Informal way of indicating the closure of a business or organization.

it was finalized

Highlights the completion of the liquidation process.

FAQs

What does "it was liquidated" mean?

The phrase "it was liquidated" means that an entity, typically a company or organization, had its assets sold off and converted into cash. This usually happens to pay off debts during bankruptcy or closure.

What can I say instead of "it was liquidated"?

You can use alternatives like "it underwent liquidation", "it was dissolved", or "it ceased operations" depending on the specific context.

Which is correct, "it was liquidated" or "it liquidated"?

"It was liquidated" is in the passive voice, indicating that an external force acted upon "it". "It liquidated" is in the active voice, meaning "it" performed the act of liquidation. The appropriate choice depends on whether you want to emphasize the entity being acted upon or the entity performing the action.

What's the difference between "it was liquidated" and "it was dissolved"?

"It was liquidated" specifically refers to selling off assets to pay debts, whereas "it was dissolved" refers to the formal termination of an organization's existence. Liquidation often occurs as part of dissolution, but not always.