To pay off (a debt, a claim, or an obligation); settle.
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.
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.