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TAKE THE QUIZliquidate
verb
liq·ui·date
ˈli-kwə-ˌdāt
liquidated; liquidating
1
a(1)
: to determine by agreement or by litigation the precise amount of (indebtedness, damages, or accounts)
(2)
: to determine the liabilities (see liability sense 2) and apportion assets toward discharging the indebtedness of
2
: to determine liabilities (see liability sense 2) and apportion assets toward discharging indebtedness
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Merriam-Webster unabridged
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