Definition, Meaning & Synonyms

liquidator

noun

/ˈlɪkwɪˌdeɪtə/

Definition

A liquidator is a person or entity appointed to wind up the affairs of a company, sell off its assets, and pay its debts during the process of liquidation.

Examples

The company went bankrupt, and a liquidator was appointed to handle the liquidation process.
The liquidator managed to recover some assets for the creditors before closing the business.

Meaning

The term refers to someone responsible for managing the process of closing down a business and distributing its assets to creditors and shareholders after all liabilities have been settled.