liquidazione

liquidation

noun lee-kwee-dah-TSYOH-neh Less Common

Also means

severance pay

Usage Note

Liquidazione covers both 'liquidation' of a company and the trattamento di fine rapporto (TFR) — the severance pay Italian employees receive at the end of employment. In a shop context, liquidazione or saldi di liquidazione means 'clearance sale'. The plural is liquidazioni.

Examples

"Ha ricevuto la liquidazione dopo anni di lavoro."

Natural Translation

He received his severance pay after years of work.

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