Definitions of liquidate:

• verb:   settle the affairs of by determining the debts and applying the assets to pay them off

  Example: "Liquidate a company"

• verb:   convert into cash

  Example: "I had to liquidate my holdings to pay off my ex-husband"

• verb:   eliminate by paying off (debts)
• verb:   get rid of (someone who may be a threat) by killing

  Example: "The mafia liquidated the informer"