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liquidate

play
verb liq·ui·date \ˈli-kwə-ˌdāt\

Simple Definition of liquidate

  • business : to sell (a business, property, etc.) especially to pay off debt

  • : to pay all the money owed for (a debt)

  • : to destroy (something) or kill (someone)

Source: Merriam-Webster's Learner's Dictionary

Full Definition of liquidate

liquidated

liquidating

  1. transitive verb
  2. 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

  3. 2 archaic :  to make clear

  4. 3 :  to do away with

  5. 4 :  to convert (assets) into cash

  6. intransitive verb
  7. 1 :  to liquidate debts, damages, or accounts

  8. 2 :  to determine liabilities and apportion assets toward discharging indebtedness

liquidation

play \ˌli-kwə-ˈdā-shən\ noun

Examples of liquidate in a sentence

  1. The owners were ordered to liquidate the company and pay their creditors.

  2. The company is liquidating its assets.

  3. The owners were ordered to liquidate.

  4. The film is about a professional killer who's hired to liquidate a powerful businessman.



Origin and Etymology of liquidate

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


First Known Use: circa 1575


Law Dictionary

liquidate

play
verb liq·ui·date \ˈli-kwə-ˌdāt\

Legal Definition of liquidate

liquidated

liquidating

  1. transitive verb
  2. 1 :  to determine by agreement or litigation the precise amount of; also :  to settle (a debt) by payment or other adjustment

  3. 2a :  to determine the liabilities and apportion the assets of especially in bankruptcy or dissolution <liquidate a corporation> — compare bankruptcy b :  to convert (as assets) into cash <liquidate an estate>

  4. intransitive verb
  5. :  to liquidate something (as a corporation)

liquidation

\ˌli-kwə-ˈdā-shən\ play noun




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