liquidate

Liquidate

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)

liquidate

(Convert into cash), verb cash in, change into cash, change into money, conclude, distribute assets, exchange for money, finish, realize in cash, redeem, sell, sell assets, terminate, terminate business affairs, turn into money
Associated concepts: liquidated account, liquidating trust, liquidation of assets, trustees in liquidation

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liquidate

(Determine liability), verb adjust, ascertain liability, ascertain the amount of indebtedness, ascertain the balance due, assemble and apportion assets, cancel debts, determine the amount of indebtedness, discharge, dissharge a liability, discharge debts, dispose of, extinguish innebtedness, make restitution, meet payments, pay, pay and settle, pay debts, satisfy, settle, settle accounts with the debtors and creditors
Associated concepts: liquidated claim, liquidated damages, liquidated debt, liquidated demand

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See also: defray, destroy, discharge, disorganize, dispatch, efface, eliminate, eradicate, extinguish, extirpate, kill, murder, obliterate, pay, remove, slay