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Longman Dictionary of Contemporary English
liquidate
verb
COLLOCATIONS FROM CORPUS
■ NOUN
asset
▪ It was a matter of taking profits, liquidating some assets, redeploying capital.
▪ Taft said Simpson has been liquidating assets to pay bills including taxes, legal costs, and business and household expenses.
EXAMPLES FROM CORPUS
▪ As soon as he has been liquidated, another of the Seven, Philip, takes over.
▪ He liquidated all his material stocks and bought everything spot, paying in ninety-day bills, if possible.
▪ If the firm gets into difficulty, its bankers become intimately involved in restructuring or liquidating the firm.
▪ On paper, liquidate everything you have -- house, car, gadgets, investments.
▪ One would liquidate itself over time by paying claims, much of it to cover pollution and asbestos exposures.
▪ Some frustrated ranchers, having liquidated their entire herds, will not be re-entering the market for at least 18 months.
▪ The following day, when the price difference had widened to £2125, Harry liquidated his intracommodity spread.
▪ Thousands, branded parasitical intellectuals merely because they spoke a foreign language or wore spectacles, were systematically liquidated.
The Collaborative International Dictionary
Liquidate

Liquidate \Liq"ui*date\ (l[i^]k"w[i^]*d[=a]t), v. t. [imp. & p. p. Liquidated (-d[=a]`t[e^]d); p. pr. & vb. n. Liquidating.] [LL. liquidatus, p. p. of liquidare to liquidate, fr. L. liquidus liquid, clear. See Liquid.]

  1. (Law) To determine by agreement or by litigation the precise amount of (indebtedness); or, where there is an indebtedness to more than one person, to determine the precise amount of (each indebtedness); to make the amount of (an indebtedness) clear and certain.

    A debt or demand is liquidated whenever the amount due is agreed on by the parties, or fixed by the operation of law.
    --15 Ga. Rep. 321.

    If our epistolary accounts were fairly liquidated, I believe you would be brought in considerable debtor.
    --Chesterfield.

  2. In an extended sense: To ascertain the amount, or the several amounts, of, and apply assets toward the discharge of (an indebtedness).
    --Abbott.

  3. To discharge; to pay off or settle, as an indebtedness.

    Friburg was ceded to Zurich by Sigismund to liquidate a debt of a thousand florins.
    --W. Coxe.

  4. To make clear and intelligible.

    Time only can liquidate the meaning of all parts of a compound system.
    --A. Hamilton.

  5. To make liquid. [Obs.]

  6. To convert (assets) into cash.

  7. To kill; -- used mostly of governments or organizations killing their enemies; as, Stalin liquidated many of the Kulaks.

  8. To dissolve (an organization); to terminate (an activity).

    Liquidated damages (Law), damages the amount of which is fixed or ascertained.
    --Abbott.

Douglas Harper's Etymology Dictionary
liquidate

1570s, "to reduce to order, to set out clearly" (of accounts), from Late Latin or Medieval Latin liquidatus, past participle of liquidare "to melt, make liquid or clear, clarify," from Latin liquidus (see liquid). Sense of "clear away" (a debt) first recorded 1755. The meaning "wipe out, kill" is from 1924, possibly from Russian likvidirovat. Related: Liquidated; liquidating.

Wiktionary
liquidate

vb. 1 (context transitive English) To settle (a debt) by paying the outstanding amount. 2 (context transitive English) To settle the affairs of (a company), by using its assets to pay its debts. 3 (context transitive English) To convert (assets) into cash. 4 (context transitive English) To do away with. 5 (context transitive English) To kill. 6 (context legal transitive English) To determine by agreement or by litigation the precise amount of (indebtedness); to make the amount of (a debt) clear and certain. 7 (context obsolete transitive English) To make clear and intelligible. 8 (context obsolete transitive English) To make liquid.

WordNet
liquidate
  1. v. get rid of (someone who may be a threat) by killing; "The mafia liquidated the informer"; "the double agent was neutralized" [syn: neutralize, neutralise, waste, knock off, do in]

  2. eliminate by paying off (debts) [syn: pay off]

  3. convert into cash; "I had to liquidate my holdings to pay off my ex-husband"

  4. settle the affairs of by determining the debts and applying the assets to pay them off; "liquidate a company"

Wikipedia

Usage examples of "liquidate".

Your wife is quite naturally concerned that we might be forced to liquidate Copeland Marine.

Joel had taken that reality into account when he was planning to liquidate the firm.

Companies like Thornquist took over outfits like Copeland Marine Industries every day and then liquidated them.

Ultimately a meeting was called to consider the question of liquidating the company, and at this meeting, after three sleepless nights, I occupied the chair.

For the past three months, Smith had been liquidating his assets to raise cash with which to buy back his own stock.

From Thursday, September 16, until Saturday morning, September 18, Phalangist squads combed through the Sabra and Shatila neighborhoods, liquidating whatever humanity came in their path.

The principle, applicable to both federal and State courts, that the Court first assuming jurisdiction over property may maintain and exercise that jurisdiction to the exclusion of the other, was held not to be confined to cases where the property has actually been seized under judicial process, but applies as well to suits brought for marshalling assets, administering trusts, or liquidating estates and to suits of a similar nature, where to give effect to its jurisdiction the Court must control the property.

President As the lawfully elected head of state, it is your obligation to provide us with assets that we can liquidate back on Earth.

Class war is an autopathic Culture-disease which arises with the beginnings of the Civilization-crisis, and is only finally liquidated with the end of that crisis, and the beginning of the second phase of Civilization, the Resurgence of Authority.

The whole poetry-loathing world had the face of Dr Wapenshaw but, he felt, having soundly and legitimately bemerded that face in imagination and micturated on it also, the world was content merely to loathe, while Dr Wapenshaw had had to go further, deliberately liquidating the poet.

Jews and 34 Communists were liquidated in Chernovtsy in the course of search actions east of the Dniester.

The only terms I made with him on this new condition of things was that he should, out of his incoming fees, pay my clerk L500 a quarter until the whole sum was liquidated.

The whole poetry-loathing world had the face of Dr Wapenshaw but, he felt, having soundly and legitimately bemerded that face in imagination and micturated on it also, the world was content merely to loathe, while Dr Wapenshaw had had to go further, deliberately liquidating the poet.

The Government during the Revolution refused to admit our claims when the Compagnie des Indes was liquidated.

He could not understand how a clergyman, situated as was Mr Robarts, could find himself called upon by friendship to attach his name to accommodation bills which he had not the power of liquidating when due!