to settle (a debt), esp by payment
to bring the commercial activities of (e.g. a business) to an end and use the assets towards paying off the debts
to convert (assets) into cash
informal to kill or be rid of (somebody)
to liquidate debts, damages, or accounts
to be or become liquidated
liquidation /-ʹdaysh(ə)n/ noun
liquidator noun
[late Latin liquidatus, past part. of liquidare to melt, from Latin liquidus: see liquid1]