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Liquidate
(redirected from liquidator)

    Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia, Hutchinson 0.06 sec.

To pay and settle the amount of a debt; to convert assets to cash; to aggregate the assets of an insolvent enterprise and calculate its liabilities in order to settle with the debtors and the creditors and apportion the remaining assets, if any, among the stockholders or owners of the corporation.

liquidate v. to sell the assets of a business, paying bills and dividing the remainder among shareholders, partners or other investors. (See: wind up)
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