Meaning of “liquidate” - Learner’s Dictionary

liquidate

verb [ T ] uk us /ˈlɪkwɪdeɪt/

to close a business because it has no money left

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

The store went into liquidation.

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