verb to settle or pay off (a debt), to convert assets into cash, to eliminate or wind up a business or organization
To sell off assets in order to pay off debts or close a business
To wind up a company's affairs by selling off assets and paying off creditors
To convert assets into cash
To sell off investments to realize gains or losses
In the financial industry, a writer may use the term 'liquidate' when referring to selling off assets to convert them into cash.
A psychologist may use the term 'liquidate' when discussing the process of resolving and closing out a patient's estate after their passing.
A business analyst may use the term 'liquidate' when evaluating the financial health of a company and recommending the liquidation of assets to pay off debts.
An accountant may use the term 'liquidate' when preparing financial statements that include the liquidation value of a company's assets.
A real estate agent may use the term 'liquidate' when helping a client sell off properties quickly to raise cash.
An investment banker may use the term 'liquidate' when advising clients on the best strategies for liquidating their investments.
An estate planner may use the term 'liquidate' when discussing the process of distributing assets from a deceased person's estate to their beneficiaries.