liq·ui·date  (l ĭk w ĭ-d āt ′)
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v. liq·ui·dat·ed, liq·ui·dat·ing, liq·ui·dates v.tr.1. a. To pay off (a debt, claim, or obligation); settle. b. To settle the affairs of (a business firm, for example) by determining the liabilities and applying the assets to their discharge. 2. To convert (assets) into cash. 3. To eliminate, especially by killing. v.intr.1. To settle a debt, claim, or obligation. 2. To settle the affairs of a business or estate by disposing of its assets and liabilities.
[Late Latin liquidāre, liquidāt-, to melt, from Latin liquidus, liquid; see LIQUID.]
liq′ui·dation n. liqui·da′tor n. |