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  1. LIQUIDATE definition: 1. to cause a business to close, so that its assets can be sold to pay its debts 2. to kill someone…. Learn more.

  2. liquidate: [verb] to determine by agreement or by litigation the precise amount of (indebtedness, damages, or accounts). to determine the liabilities (see liability 2) and apportion assets toward discharging the indebtedness of. to settle (a debt) by payment or other settlement.