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liquidate /ˈlɪkwəˌdeɪt/  

  • verb
    -dates; -dated; -dating
    business
    to sell (a business, property, etc.) especially to pay off debt [+ obj]
    The owners were ordered to liquidate.
    [+ obj] :to pay all the money owed for (a debt)
    liquidate a debt/loan
    [+ obj] informal :to destroy (something) or kill (someone)