Liquidation
Part of speech: noun
Definition: The process of converting into cash (or into an asset with high liquidity). The selling of the assets of a business as part of the process of dissolving the business.
Example sentence: I watched Leicester City lose in the 1969 FA Cup final with my dad and granddad when I was eight and cried all the way home. I have seen them get promoted and relegated. I played for them for eight years. I even got a group of like-minded fans and friends to stump up a few quid to salvage the club when they went into liquidation.
Elimination
Part of speech: noun
Definition: The act of eliminating, expelling or throwing off.The act of excluding a losing contestant from a match, tournament, or other competition.The act of voting off or throwing off a contestant in a reality television competition.The act of discharging or excreting waste products or foreign substances through the various emunctories.The act of causing a quantity to disappear from an equation; especially, in the operation of deducing from several equations containing several unknown quantities a less number of equations containing a less number of unknown quantities.The act of obtaining by separation, or as the result of eliminating; deduction.
Example sentence: The sculptor produces the beautiful statue by chipping away such parts of the marble block as are not needed - it is a process of elimination.