liquidate

If you liquidate something, you get rid of it. When a huge retailer has to close all of its stores, it liquidates everything, meaning the inventory and even the shelves and display cases are sold to bargain-hunters, to raise money for the company to pay its debts.

Liquidate comes from the Latin liquidare, meaning “to melt,” or “to clarify.” A recipe might ask you to liquefy the butter, not liquidate it, because liquidate has to do with assets. To liquidate is to convert stocks or goods into cash by selling them, to finish business neatly, and to clear debts. If you liquidate your old baseball card collection, you will have money to put in your college fund.

Definitions of liquidate
  1. verb
    eliminate by paying off (debts)
    synonyms: pay off
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    types:
    lift
    pay off (a mortgage)
    amortise, amortize
    liquidate gradually
    type of:
    ante up, pay, pay up
    cancel or discharge a debt
  2. verb
    settle the affairs of by determining the debts and applying the assets to pay them off
    liquidate a company”
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    type of:
    settle
    dispose of; make a financial settlement
  3. verb
    convert into cash
    “I had to liquidate my holdings to pay off my ex-husband”
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    type of:
    cash, cash in
    exchange for cash
  4. verb
    get rid of (someone who may be a threat) by killing
    “The mafia liquidated the informer”
    synonyms: do in, knock off, neutralise, neutralize, waste
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    type of:
    kill
    cause to die; put to death, usually intentionally or knowingly
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