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English definition of “liquidate”

liquidate

verb     /ˈlɪkwɪdeɪt/
[I or T] LAW, FINANCE if a business liquidates or is liquidated, it is closed so that its assets can be sold to pay its debts: The only way for management to return value to shareholders in the short term is to liquidate the company and return the cash. As the customer of a brokerage that's being liquidated, you should receive a warning in the mail or see notices in the newspaper.
[T] ACCOUNTING, FINANCE to sell something in order to get cash: She liquidated the stock and pulled about $10,000 from savings to pay off her debt. In the event of a reclamation, the Fund may liquidate sufficient shares from a shareholder's account to reimburse the government or the private source.
[T] ACCOUNTING, FINANCE to pay off a debt: They were required to liquidate the debt within 30 days of the date due.
(Definition of liquidate verb from the Cambridge Business English Dictionary © Cambridge University Press)
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