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liq⋅ui⋅date  /ˈlɪkwɪˌdeɪt/ Show Spelled Pronunciation [lik-wi-deyt] Show IPA verb, -dat⋅ed, -dat⋅ing.

–verb (used with object) 1. to settle or pay (a debt): to liquidate a claim. 2. to reduce (accounts) to order; determine the amount of (indebtedness or damages). 3. to convert (inventory, securities, or other assets) into cash. 4. to get rid of, esp. by killing: to liquidate the enemies of the regime. 5. to break up or do away with: to liquidate a partnership.

–verb (used without object) 6. to liquidate debts or accounts; go into liquidation.