Pronunciation: (lik'wi-dāt"), [key]
—v., -dat•ed, -dat•ing.
1. to settle or pay (a debt): to liquidate a claim.
2. to reduce (accounts) to order; determine the amount of (indebtedness or damages).
3. to convert (inventory, securities, or other assets) into cash.
4. to get rid of, esp. by killing: to liquidate the enemies of the regime.
5. to break up or do away with: to liquidate a partnership.
to liquidate debts or accounts; go into liquidation.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.