verb (used with object), liquidated, liquidating.
to settle or pay (a debt): to liquidate a claim.
to reduce (accounts) to order; determine the amount of (indebtedness or damages).
to convert (inventory, securities, or other assets) into cash.
to get rid of, especially by killing: to liquidate the enemies of the regime.
to break up or do away with: to liquidate a partnership.
verb (used without object), liquidated, liquidating.
to liquidate debts or accounts; go into liquidation.

1565–75; 1920–25 for def 4; < Late Latin liquidātus, past participle of liquidāre to melt, make clear. See liquid, -ate1

nonliquidating, adjective
preliquidate, verb (used with object), preliquidated, preliquidating.
reliquidate, verb, reliquidated, reliquidating.
unliquidated, adjective
unliquidating, adjective

1. discharge, clear, erase, cancel. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
liquidate (ˈlɪkwɪˌdeɪt)
1.  a.  to settle or pay off (a debt, claim, etc)
 b.  to determine by litigation or agreement the amount of (damages, indebtedness, etc)
2.  a.  to terminate the operations of (a commercial firm, bankrupt estate, etc) by assessment of liabilities and appropriation of assets for their settlement
 b.  (of a commercial firm, etc) to terminate operations in this manner
3.  (tr) to convert (assets) into cash
4.  (tr) to eliminate or kill

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

c.1575, "to reduce to order, to set out clearly" (of accounts), from L.L. liquidatus, pp. of liquidare "to melt, make liquid or clear, clarify," from L. liquidus (see liquid). Sense of "clear away" (a debt) first recorded 1755. The meaning "wipe out, kill" is from 1924, possibly
from Rus. likvidirovat.
Online Etymology Dictionary, © 2010 Douglas Harper
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