The process of selling assets for cash. This situation generally
arises when a company can no longer carry out it's business as
intended, by making profits and, share holders do not have any
chance of gaining from investing in the company. The cash
generated out of liquidation is usually spent on reducing debts
that company own to its lenders. For example, Lehman Brothers
filed for Chapter 11 bankruptcy protection on September 15, 2008
and now in Jan 2009, Barclay's [which took over Lehman,
LEHMQ:US] is in the process of liquidating it, though Lehman has
a couple of trillion dollars in assets. Winding up would mean
liquidating the assets of a corporation or partnership, settling
accounts, paying bills, distributing remaining assets to
shareholders or partners, and then dissolving the business.
Winding up a non-profit corporation requires a plan for
distribution of assets to some charitable or other non-profit
entity.  Liquidation is the conversion of assets into cash by an
Investor getting rid of a position i