Exam: TOEIC

Definition: To convert assets into cash by selling them, often to pay off debts or settle obligations.

Example: The company had to liquidate its assets to pay off its creditors.

Definition: To turn assets into cash or to pay off debts and obligations.

Example: The company had to liquidate its assets to pay off its creditors.

Definition: Describing something that has been settled or resolved, often in a legal or financial context, indicating that it is no longer in dispute or has been finalized.

Example: The company's assets were liquidated after it went bankrupt.

Definition: To close down a business or sell off its assets, often to pay debts.

Example: The company was liquidated after failing to recover from its financial losses.

Definition: The act of selling off a company's assets to pay debts or to close the business.

Example: The company went through liquidation to settle its debts after failing to make a profit.

Definition: A person who is responsible for closing down a company and selling its assets to pay off debts.

Example: The liquidator was hired to manage the sale of the company's remaining assets.

Definition: A type of alcoholic drink that is made by distilling ingredients, usually containing a high level of alcohol.

Example: He decided to order a glass of liquor at the bar.

Definition: To make someone drunk by giving them alcoholic drinks.

Example: They liquored him up at the party, and he couldn't remember anything the next day.

Definition: A type of currency that was used in Italy, San Marino, and Vatican City before the euro was introduced, and also used in Malta and Israel in the past.

Example: When I traveled to Italy, I exchanged my dollars for lira to buy souvenirs.

Definition: Included on a formal record or register, often for protection or recognition.

Example: The building is listed as a historical site, which means it cannot be changed without permission.

Definition: To have put items in a specific order or to have made a record of them.

Example: She listed all the items she needed to buy at the store.

Definition: A record or entry that is included in a list or directory, often used to refer to items such as names, addresses, or other information.

Example: I found the doctor's phone number in the listing.

Definition: A person on an aircraft responsible for loading and unloading cargo or heavy equipment.

Example: The loadmaster ensured that all cargo was securely fastened before takeoff.

Definition: A sum of money that is borrowed and must be paid back with interest.

Example: I took out a loan to buy a new car.

Definition: To give something, usually money, to someone with the expectation that it will be paid back later.

Example: The bank will loan you money to buy a house.