liquidateliq·ui·date /ˈlɪkwədeɪt/ verbFINANCE1[transitiveT] to sell an investment for cashHoldings of units can be liquidated quite quickly.
2[intransitiveI, transitiveT] if someone liquidates a company, or if the company liquidates, all of its assets are sold in order to pay its debts. Any money left after that is returned to shareholders and the company stops operatingRather than trying to reorganize, the airline will liquidate.