Meaning of “liquidate” - Learner’s Dictionary

liquidate

verb [ T ] us uk /ˈlɪkwɪdeɪt/

to close a business because it has no money left

liquidation noun [ C, U ] us uk /ˌlɪkwɪˈdeɪʃən/

The store went into liquidation.

(Definition of “liquidate” from the Cambridge Learner’s Dictionary © Cambridge University Press)