likvidován

Likvidován is a Czech word that translates to "liquidated" or "dissolved" in English. It most commonly refers to the process of closing down a company or legal entity. This involves selling off all assets, paying off debts and liabilities, and distributing any remaining funds to the owners or shareholders. The legal entity ceases to exist once the liquidation process is complete.

The term can also be used in a broader sense to describe the termination or cessation of something, though its primary application is in the context of business and legal dissolution. In a financial context, liquidation refers to converting assets into cash. A company may be liquidated voluntarily by its owners or involuntarily by a court order due to bankruptcy or insolvency. The process is typically overseen by a liquidator who is appointed to manage the dissolution. The goal of liquidation is to wind up the affairs of the entity in an orderly fashion.