Main Entry: liq·ui·date

Pronunciation: \ˈli-kwə-ˌdāt\

Function: verb

Inflected Form(s): liq·ui·dat·ed; liq·ui·dat·ing

Etymology: Late Latin liquidatus, past participle of liquidare to melt, from Latin liquidus

Date: circa 1575

transitive verb 1 a (1) : to determine by agreement or by litigation the precise amount of (indebtedness, damages, or accounts) (2) : to determine the liabilities and apportion assets toward discharging the indebtedness of b : to settle (a debt) by payment or other settlement
2 archaic : to make clear
3 : to do away with
4 : to convert (assets) into cashintransitive verb 1 : to liquidate debts, damages, or accounts
2 : to determine liabilities and apportion assets toward discharging indebtedness

— liq·ui·da·tion \ˌli-kwə-ˈdā-shən\ noun