/ˈlɪkwɪdeɪt/ LIK-wi-dayt

Definitions

1. verb

to convert into cash or to sell quickly, often because of financial difficulties

“The company was forced to liquidate its assets to pay off creditors.”

2. verb

to officially dissolve a company, partnership, or other business organization, often due to insolvency

“The court ordered the partnership to be liquidated immediately.”

3. noun

the process of converting assets into cash, often in order to pay off debts

“The liquidation of the company’s assets was a complex process.”