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/ˈlɪkwɪdeɪt/
Meaning & Definition
verb
To convert assets into cash by selling them.
The company had to liquidate some of its assets to pay off its debts.
To eliminate or get rid of a business, property, or interest, typically through sale or dissolution.
After years of losses, the owner decided to liquidate the business.
To settle a debt by paying it off.
He was able to liquidate the outstanding loan by selling his car.
To kill someone or eliminate an organization, especially in a violent way.
The regime sought to liquidate its political opponents.
Etymology
From Latin 'liquidare', meaning 'to make liquid'.
Common Phrases and Expressions
liquidation sale
A sale of goods at reduced prices, often as a means to clear inventory.
liquidate assets
To convert physical assets into cash.
liquidation of debts
The process of paying off debts using available funds.
Related Words
liquidation
The act of converting assets into cash.
liquidator
A person or entity appointed to wind up the affairs of a corporation.
Slang Meanings
To kill or eliminate someone.
He was worried they might liquidate him if he talked.
To get rid of something completely.
I need to liquidate all my old clothes this weekend.