1. converts assets into cash by selling them
Usage: business; finance
2. closes down a business and sells its assets to pay debts
Usage: business; legal
3. pays off or settles a debt completely
Usage: finance

Examples

• The company liquidates its inventory at the end of each season.
• The court ordered the bankrupt firm to liquidate all assets.
• She liquidates her stock portfolio to buy a house.
• The business liquidates its debts before closing.
• The new policy liquidates outdated regulations.
• He liquidates his retirement account early to pay medical bills.