likvidacija

1. (of a company) liquidation
   Firma je ušla u likvidaciju prošle godine. — The company went into liquidation last year.
   Vlasnik je pokrenuo likvidaciju preduzeća. — The owner started the liquidation of the company.
2. (of a person) elimination; killing
   Policija je sprečila likvidaciju svedoka. — The police prevented the killing of the witness.
3. (of a debt, damage) settlement
   Za likvidaciju štete javite se osiguravajućoj kući. — Contact the insurance company to have the damage claim settled.

Likvidacija štete is the standard insurance term for claims settlement.