LIQUIDATE

verb (-dated; -dating) Etymology: Late Latin liquidatus, past participle of liquidare to melt, from Latin liquidus Date: circa 1575 transitive verb 1. a. to determine by agreement or by litigation the precise amount of (indebtedness, damages, or accounts), to determine the liabilities and apportion assets toward discharging the indebtedness of, to settle (a debt) by payment or other settlement, to make clear, to do away with, to convert (assets) into cash, intransitive verb to ~ debts, damages, or accounts, to determine liabilities and apportion assets toward discharging indebtedness, liquidation noun