The current version of the vocabulary builder covers over 2720 words & is useful for students preparing for academic English examinations such as SAT, GRE, GMAT, etc. Now you can also listen to the pronunciation of words. - Refer a Friend.|
liquidate (verb) close a business to pay debts; kill someone causing problems.
A company is liquidated if it is closed down and every thing it owns is sold to clear the debts it owes. Liquidation follows bankruptcy. When the company gets heavy losses, it has to be closed down, and if it has debts, they are cleared by selling away what the company owns. To liquidate a person is to kill a person found to be causing problems.
- Even after liquidation, the creditors could get back only a part of the money they had lent to the company. The proceeds form the sales of the property of the company were not enough to pay the creditors their due in full.
- During the Stalin era in the former USSR, a number of leaders who happened to differ with him were all liquidated. They were all executed.