Liquidate

v. pay off a debt; determine and discharge the financial obligations of a business in preparation for closure; be liquidated; convert into cash; convert to a liquid; destroy; kill; put an end to

In law, liquidation refers to the process by which a company (or part of a company) is brought to an end, and the assets and property of the company redistributed. Liquidation can also be referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation.
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Verb
1. get rid of (someone who may be a threat) by killing; "The mafia liquidated the informer"; "the double agent was neutralized"
(synonym) neutralize, neutralise, waste, knock off, do in
(hypernym) kill
(derivation) elimination, liquidation
2. eliminate by paying off (debts)
(synonym) pay off
(hypernym) pay up, ante up, pay
(hyponym) lift
(derivation) liquidation, settlement
3. convert into cash; "I had to liquidate my holdings to pay off my ex-husband"
(hypernym) cash, cash in
4. settle the affairs of by determining the debts and applying the assets to pay them off; "liquidate a company"
(hypernym) settle

v. get rid of, liquidate, pay off, settle, sell off; kill, dispatch, despatch

adj. defunct; cleared, paid off, settled

v. liquidize, convert into a liquid; liquidate, make liquid; liquefy, cause to melt, change into a liquid; erase; settle; satisfy; acquit

v. liquefy, cause to melt, change into a liquid; become liquid