processing / liquidation
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processing
The organizational execution and completion of a procedure, transaction, or project according to a set plan.
Die Abwicklung des gesamten Bauprojekts verlief ohne größere Probleme.
The processing of the entire construction project went ahead without any major problems.
'Abwicklung' (processing / liquidation) comes from the verb 'abwickeln' (to process; literally, to unwind). It describes the process of bringing something orderly (like a thread from a spool) to an end. In a figurative sense, it is the orderly completion of a procedure.
Die Abwicklung des Vertrags dauerte mehrere Wochen.
The processing of the contract took several weeks.
This word belongs to formal language and is used mainly in economic, legal, or administrative contexts. In everyday language, people would be more likely to say 'Durchführung' (execution/implementation) or 'Erledigung' (completion/handling).
Bitte kümmern Sie sich um die schnelle Abwicklung der Bestellung.
Please take care of the quick processing of the order.
Common combinations are 'die reibungslose Abwicklung' (smooth processing), 'die finanzielle Abwicklung' (financial processing), or 'die gesamte Abwicklung' (the entire processing). It often describes the organizational part of a process.
Wir hoffen auf eine reibungslose Abwicklung des Verkaufs.
We hope for a smooth processing of the sale.
You can recognize the meaning 'Auflösung eines Unternehmens' (dissolution of a company) from words in the business context such as 'Firma' (company), 'Unternehmen' (enterprise/company), 'Insolvenz' (insolvency), or 'Insolvenzverwalter' (insolvency administrator).
Die Abwicklung des insolventen Unternehmens wird Jahre dauern.
The liquidation of the insolvent company will take years.
dissolution / solution / resolution
'die Auflösung' and 'die Abwicklung' can both have to do with the end of an organization or company. 'Auflösung' names the formal step: a group, contract, or organization ceases to exist. 'Abwicklung', on the other hand, emphasizes the orderly process after or during that, for example paying bills, ending contracts, and settling open questions. The words can be confused because they appear together in the context of closures. Put simply: 'die Auflösung' is the decision or the ending; 'die Abwicklung' is the practical handling of everything through to the end.
Die Abwicklung der insolventen Firma dauert noch mehrere Monate.
The liquidation of the insolvent company will take several more months.
Die Auflösung des Vertrags wurde schriftlich bestätigt.
The dissolution of the contract was confirmed in writing.