liquidate

verb/ˈlɪkwɪdeɪt/

Frequency rank: #15,717 most common English word

Meaning

to close down a business and sell off its assets to pay debts, or to convert assets into cash.

Illustration for the English word “liquidate”

Example sentence

The company decided to liquidate its remaining assets to pay off its debts.

Synonyms & related words

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