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liquidate

liq·ui·date

liquidate

 
 
pronunciation:
lI kwih deIt
parts of speech:
transitive verb, intransitive verb
part of speech: transitive verb
inflections: liquidated, liquidates, liquidating
definition 1: to pay off or settle (a debt or the like).
With the sale of their business, they had enough money to liquidate their debts.
synonyms:
discharge, pay off, redeem, satisfy, settle
similar words:
amortize, fulfill, lay to rest, repay, square
definition 2: to terminate (a business) by selling all assets and distributing the proceeds to shareholders.
The owners were ready to retire, and they decided to liquidate their business.
synonyms:
shut down
similar words:
close, dissolve, sell, terminate, wind up
definition 3: to put an end to or get rid of, esp. by killing.
The dictator liquidated those he believed to be his enemies.
synonyms:
end, remove
similar words:
abolish, assassinate, demolish, eliminate, eradicate, execute, kill, murder, obliterate, purge
definition 4: to convert to cash, or establish a cash value for.
He liquidated his mutual fund in order to lend his son the money for a house.
synonyms:
cash, redeem
similar words:
convert
 
part of speech: intransitive verb
definition: to begin or carry out the procedure of liquidating a business, or of converting assets to cash.
synonyms:
sell out, shut down
similar words:
close