cing1 pun2清盤清盘
Jyutpingcing1 pun2
Yalechīng pún
Definition
To liquidate; the legal process of winding up a company and selling its assets to pay off creditors.
colloquialmoneywork
How it's used
Beyond the legal context of corporate bankruptcy, this term is frequently used in retail to describe a clearance sale where a shop sells off all remaining stock before closing down permanently. You will often see signs in shop windows using this term to signal deep discounts to attract bargain hunters. It carries a sense of finality and financial distress.
Examples
The company lost so much money that it finally had to liquidate.
If you can't find an investor, are you planning to liquidate?
Related words
Common mistake
Do not confuse this with 結業, which simply means a business is closing down. While a business that is 清盤 will inevitably undergo 結業, the former specifically implies a formal legal process involving the distribution of assets to creditors.
Grammar color guide
Noun
Verb
Adjective
Adverb
Pronoun
Classifier
Particle
Connector
Grammar guides
- LocationHow to say where something is using 喺 (hai2), place words like 度, and the common coverbs that work like English prepositions.
- Serial verbsStringing two or more verbs together without any joining word, like go to the shop buy things. Extremely common in Cantonese.
- 將 disposalHow to move the object in front of the verb with 將, to focus on what happens to it. Common in instructions and writing.
