Liquidating - Definitions from Dictionary.com

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liq·ui·date

Audio Help [lik-wi-deyt] Pronunciation Key verb, -dat·ed, -dat·ing.

–verb (used with object)

1.	to settle or pay (a debt): to liquidate a claim.

2.	to reduce (accounts) to order; determine the amount of (indebtedness or damages).

3.	to convert (inventory, securities, or other assets) into cash.

4.	to get rid of, esp. by killing: to liquidate the enemies of the regime.

5.	to break up or do away with: to liquidate a partnership.

–verb (used without object)

6.	to liquidate debts or accounts; go into liquidation.

[Origin: 1565–75; 1920–25 for def. 4; < LL liquidātus, ptp. of liquidāre to melt, make clear. See liquid, -ate¹

]

—Synonyms 1. discharge, clear, erase, cancel.

Dictionary.com Unabridged (v 1.1)
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006.

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Liquidating

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liq·ui·date Audio Help   (lĭk'wĭ-dāt') Pronunciation Key
v.   liq·ui·dat·ed, liq·ui·dat·ing, liq·ui·dates

v.   tr.

1. To pay off (a debt, a claim, or an obligation); settle.
2. To settle the affairs of (a business firm, for example) by determining the liabilities and applying the assets to their discharge.
To convert (assets) into cash.
To put an end to; abolish.
To put to death; kill.

v. intr.

To settle a debt, a claim, or an obligation.
To settle the affairs of a business or an estate by disposing of its assets and liabilities. See Synonyms at eliminate.