A liquidation sale is a type of sale in which inventory, equipment or other assets are sold at discounted prices to raise cash for a business that is closing down or going out of business. The goal of this type of sale is to quickly convert the company's assets into cash so they can be distributed among creditors and shareholders. Liquidation sales often offer deep discounts in order to move merchandise quickly, and may include a wide variety of items that are being discontinued or surplus inventory.