liquidation

verb | \ ˈli-kwə-ˌdāt \ | liq·ui·date

1. : to determine by agreement or litigation the precise amount of; also : to settle (a debt) by payment or other adjustment : to settle (a debt) by payment or other adjustment

2. a : to determine the liabilities and apportion the assets of especially in bankruptcy or dissolution liquidate a corporation — compare bankruptcy

   b : to convert (as assets) into cash liquidate an estate

   : to liquidate something (as a corporation)