liquidate

from The American Heritage® Dictionary of the English Language, 5th Edition.

• intransitive verb To pay off (a debt, claim, or obligation); settle.
• intransitive verb To settle the affairs of (a business firm, for example) by determining the liabilities and applying the assets to their discharge.
• intransitive verb To convert (assets) into cash.
• intransitive verb To eliminate, especially by killing.
• intransitive verb To settle a debt, claim, or obligation.
• intransitive verb To settle the affairs of a business or estate by disposing of its assets and liabilities.

from The Century Dictionary.

• To make clear or plain; clarify; free from obscurity.
• To clear up; reduce to order or precision; settle the particulars of; adjust: as, to liquidate the affairs of a bankrupt firm. See liquidation.
• To clear off; settle; pay: as, to liquidate a debt or a mortgage.
• To make less harsh and offensive: as, to liquidate the harshness of sound.

from the GNU version of the Collaborative International Dictionary of English.

• transitive verb (Law) To determine by agreement or by litigation the precise amount of (indebtedness); or, where there is an indebtedness to more than one person, to determine the precise amount of (each indebtedness); to make the amount of (an indebtedness) clear and certain.
• transitive verb In an extended sense: To ascertain the amount, or the several amounts, of, and apply assets toward the discharge of (an indebtedness).
• transitive verb To discharge; to pay off or settle, as an indebtedness.
• transitive verb To make clear and intelligible.
• transitive verb obsolete To make liquid.
• transitive verb To convert (assets) into cash.
• transitive verb To kill; -- used mostly of governments or organizations killing their enemies.
• transitive verb To dissolve (an organization); to terminate (an activity).
• transitive verb (Law) damages the amount of which is fixed or ascertained.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

• verb transitive To settle (a debt) by paying the outstanding amount.
• verb transitive To settle the affairs of (a company), by using its assets to pay its debts.
• verb transitive To convert (assets) into cash.
• verb transitive To do away with.
• verb transitive To kill.
• verb law, transitive To determine by agreement or by litigation the precise amount of (indebtedness); to make the amount of (a debt) clear and certain.
• verb obsolete, transitive To make clear and intelligible.
• verb obsolete, transitive To make liquid.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

• verb convert into cash
• verb get rid of (someone who may be a threat) by killing
• verb settle the affairs of by determining the debts and applying the assets to pay them off
• verb eliminate by paying off (debts)