Definition of liquidate verb from the Oxford Advanced American Dictionary

     

    liquidate

     verb
    verb
    NAmE//ˈlɪkwəˌdeɪt//
     
    Verb Forms present simple I / you / we / they liquidate
     
    he / she / it liquidates
     
    past simple liquidated
     
    -ing form liquidating
     
     
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  1. 1[intransitive, transitive] liquidate (something) to close a business and sell everything it owns in order to pay debts
  2. 2[transitive] liquidate something (finance) to sell something in order to get money to liquidate assets
  3. 3[transitive] liquidate something (finance) to pay a debt
  4. 4[transitive] liquidate somebody/something to destroy or remove someone or something that causes problems synonym annihilate The government tried to liquidate the rebel movement and failed.
See the Oxford Advanced Learner's Dictionary entry: liquidate