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English definition of “liquidate”

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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.
Translations of “liquidate”
in Chinese (Traditional) 關閉, 清算,清盤…
in Russian ликвидировать (предприятие)…
in Turkish (iş) tasfiye etmek…
in Chinese (Simplified) 关闭, 清算,清盘…
in Polish likwidować…
(Definition of liquidate from the Cambridge Business English Dictionary © Cambridge University Press)
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