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liquidate

verb [I or T] (CLOSE)
 
 
/ˈlɪk.wɪ.deɪt/

Definition

to cause a business to close, so that its assets can be sold to pay its debtsStarting, succeeding and failing in businessBorrowing, lending and debt liquidation
 
 
/ˌlɪk.wɪˈdeɪ.ʃən/ noun [C or U]
After three years of heavy losses the company went into liquidation with debts totalling £100 million.Starting, succeeding and failing in businessBorrowing, lending and debt
(Definition of liquidate verb (CLOSE) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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