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liquidate

/ˈlɪkwɪdeɪt/  ·  say it: LIK·wuh·dayt

to convert assets into cash, often to pay debts

In Banking & Finance

In more detail

1. (verb) to close a business and sell its assets to pay debts

2. (verb) to convert assets into cash

3. (verb) to eliminate or get rid of something completely

Examples

• 1. The company decided to liquidate after years of financial losses.
• 2. They liquidated their investments to buy a house.
• 3. The government worked to liquidate the threat posed by the rebels.

Nearby in Banking & Finance

hyperinflation, index, junk bond, net present value, par value, quantitative tightening