verb
to settle or pay off (a debt), to convert assets into cash, to eliminate or wind up a business or organization
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The company decided to liquidate its assets in order to pay off its debts.
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I heard that the store is going to liquidate all their inventory with a huge sale.
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We need to liquidate these old clothes before we move to the new place.
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He had to liquidate his emotions and let go of the past to move forward.