Liquidate

English Meaning

To determine by agreement or by litigation the precise amount of (indebtedness); or, where there is an indebtedness to more than one person, to determine the precise amount of (each indebtedness); to make the amount of (an indebtedness) clear and certain.

1. To pay off (a debt, a claim, or an obligation); settle.
2. To settle the affairs of (a business firm, for example) by determining the liabilities and applying the assets to their discharge.
3. To convert (assets) into cash.
4. To put an end to; abolish.
5. To put to death; kill.
6. To settle a debt, a claim, or an obligation.
7. To settle the affairs of a business or an estate by disposing of its assets and liabilities. See Synonyms at eliminate.