transitive verb liquidated -·dat′ed, liquidating -·dat′·ing

1. to settle by agreement or legal process the amount of (indebtedness, damages, etc.)
2. to settle the accounts of (a bankrupt business firm that is closing, etc.) by apportioning assets and debts
3. to pay or settle (a debt)
4. to convert (holdings or assets) into cash
5. to dispose of or get rid of, as by killing

Etymology: < ML liquidatus, pp. of liquidare, to make liquid or clear < L liquidus, liquid

intransitive verb