liquidate
Pronunciation:
/ˈlɪkwədeɪt/verb
Definitions
To settle (a debt) by paying the outstanding amount.
To settle the affairs of (a company), by using its assets to pay its debts.
To convert (assets) into cash; to redeem.
To determine by agreement or by litigation the precise amount of (indebtedness); to make the amount of (a debt) clear and certain.