liquidate

(lĭkˈwĭ-dātˌ)

1. a. To pay off (a debt, a claim, or an obligation); settle.
   b. To settle the affairs of (a business firm, for example) by determining the liabilities and applying the assets to their discharge.
2. To convert (assets) into cash.
3. To put an end to; abolish.
4. To put to death; kill.

1. To settle a debt, a claim, or an obligation.
2. To settle the affairs of a business or an estate by disposing of its assets and liabilities. See Synonyms at eliminate.

Related Forms:

• liqˌui·daˈtion noun

• liqˈui·daˌtor noun