In simplistic terms, if a business goes into liquidation it means: The business stops trading with immediate effect. The employees are all made redundant. The assets of the business are sold to pay creditors.
What Is a Path? A file system stores and organizes files on some form of media, generally one or more hard drives, in such a way that they can be easily retrieved. Most file systems in use today store the files in a tree (or hierarchical) structure. At the top of the tree is one (or more) root nodes.
PATH (which is written with all upper case letters) should not be confused with the term path (lower case letters). The latter is a file's or directory's address on a filesystem (i.e., the hierarchy of directories and files that is used to organize information stored on a computer).