liquidate
v.v. to sell all of your property or assets to get money. You usually do this when a company is closing down or when you need cash quickly.
v. to convert assets into cash, typically through the sale of property or securities. Often used in the context of corporate bankruptcy or the dissolution of a partnership.
The company had to liquidate its assets to pay its debts.
After the merger failed, the board decided to liquidate the remaining inventory to settle outstanding liabilities.
The sudden drop in market value forced the hedge fund to liquidate its entire portfolio of high-yield bonds to meet the margin calls from its lenders.
Learned borrowing from Late Latin liquidātus (“liquid; clear”, adjective) + English -ate (suffix forming verbs, and forming adjectives with the sense ‘characterized by [the specified things]’). Liquidātus is the perfect passive participle of liquidō (“to turn into a liquid, melt; to make clear”), from Latin liquidus (“fluid, liquid; clear, transparent”) + -ō (suffix forming regular first-conjugation verbs); while liquidus is from liqueō (“to be fluid or liquid; to be clear or transparent”) (ultimately from Proto-Indo-European *wleykʷ- (“to make wet; moist”)) + -idus (suffix meaning ‘tending to’ forming adjectives). By surface analysis, liquid (adjective) + -ate. Verb sense 1.2.3 (“to kill; to abolish or eliminate”) is a semantic loan from Russian ликвиди́ровать (likvidírovatʹ); while verb sense 1.2.4 and verb sense 2 (business-related senses) were influenced by French liquider and Italian liquidare, all ultimately from Latin liquidus (see above).