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English definition of “liquidate”

liquidate

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