liquidate
verb/ˈlɪkwɪdeɪt/
Frequency rank: #15,717 of 20,003 in the WORDED list (wordfreq data)
Meaning
to close down a business and sell off its assets to pay debts, or to convert assets into cash.

Example sentence
The company decided to liquidate its remaining assets to pay off its debts.
Synonyms & related words
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