Business GCSE
Liquidation
What Liquidation means in Business GCSE, as defined for AQA.
Definition of Liquidation
Check what you remember
Read the wording for your board, then hide it and explain Liquidation in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
A situation, alongside insolvency, arising when customers buy on credit and cash arrives later than bills fall due.
Topics that use Liquidation
- Cash flow (AQA GCSE)
Related terms
- Cash
- Cash Flow
- Cash Flow Forecast
- Cash flow management
- Cash inflows and outflows
- Closing balance
- Cost control
- Evaluation and judgement
Using Liquidation in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Business questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Business GCSE termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge