liquidate
- The process of establishing a specific amount through consensus or a court order
- Identifying liabilities and distributing resources, particularly during bankruptcy or the dissolution of a corporation
- The act of turning various forms of assets into cash
- The procedure of terminating, usually referring to a business entity like a corporation
- The company decided to liquidate its assets to pay off creditors.
- Following bankruptcy, all the properties of the business were liquidated to resolve its debts.
- To pay back the investors, the firm had to liquidate some of its holdings.
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