liquidate

US /ˈlɪk.wə.deɪt/
UK /ˈlɪk.wə.deɪt/
"liquidate" picture
1.

close down (a business, company, etc.) by selling all its assets and paying off creditors

:
The company was forced to liquidate due to heavy debts.
They decided to liquidate their assets to pay off their creditors.
2.

convert (assets) into cash

:
He needed to liquidate his investments quickly to cover the emergency.
The company decided to liquidate some of its non-performing assets.
3.

eliminate (a debt)

:
He worked hard to liquidate all his outstanding debts.
The company managed to liquidate its debt ahead of schedule.
4.

kill (a person or animal), typically by violent means

:
The gang was known to liquidate rivals who crossed them.
The dictator ordered his secret police to liquidate all political opponents.