Liquidate (verb)

1. To convert assets into cash.
2. To pay off or settle (a debt or obligation).
3. To dissolve a company or organization by selling off its assets and paying off its debts.

Origin:

1690s, from french liquider "to liquidate," from latin liquidare "make liquid, pay in full," from liquidus "clear, fluid,".

Examples:

1. The company was liquidated and its assets sold off.
2. He liquidated his assets to pay off his debts.
3. The investors liquidated their assets to prepare for retirement.
4. The bank liquidated the company's assets to repay the loan.
5. The company was liquidated and its assets were sold at auction.