Pronunciation: [lˈɪkwɪdˌe͡ɪtə] (IPA) 
The word "liquidator" is spelled with two syllables, pronounced /ˈlɪk.wɪ.deɪ.tər/. The first syllable is pronounced like the word "lick" with the 'k' sound replaced by a 'w' sound. The second syllable is pronounced like "day" with the 'd' sound replaced by a 't' sound. A liquidator is a person or company appointed to wind up the affairs of a business, typically by selling off its assets to pay its debts.
A liquidator is an individual or entity responsible for winding up the affairs of a company, partnership, or other entity that is in the process of being dissolved or terminated. The role of a liquidator is to ensure that the assets of the entity being liquidated are properly handled and distributed to creditors or shareholders, in accordance with applicable laws and regulations.
Liquidators are typically appointed by a court or by the shareholders or partners of an entity. They have extensive knowledge and expertise in financial and legal matters related to insolvency or corporate dissolution. Liquidators are entrusted with the authority to sell assets, settle outstanding liabilities, and resolve any disputes that may arise during the liquidation process.
The primary duty of a liquidator is to maximize the value of the assets being liquidated, in order to provide the best possible return to the entity's creditors or shareholders. This involves conducting a thorough investigation into the entity's financial affairs and identifying any claims or debts owed to it. Liquidators may also be responsible for managing employees, dealing with tax issues, and preparing final financial statements.
Liquidators must act impartially and in the best interests of all stakeholders involved. They are bound by specific legal and ethical obligations, and they are subject to scrutiny and oversight by relevant authorities. Overall, the role of a liquidator is critical in ensuring an orderly and fair process of winding up a business or entity that is no longer financially viable.
One who adjusts and settles.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
The word "liquidator" derives from the Latin term "liquidator", which is the agent noun of the verb "liquidare", meaning "to make liquid" or "to dissolve". It entered English in the early 19th century and initially referred to a person appointed to wind up the affairs and distribute the assets of a company that was being dissolved or bankrupt. Over time, the term evolved to encompass various meanings related to the management or handling of financial and business matters.
