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LIQUIDATE

Definition:

[verb] get rid of (someone who may be a threat) by killing; "The mafia liquidated the informer"; "the double agent was neutralized"
Synonyms: neutralize, neutralise, waste, knock off, do in
[verb] eliminate by paying off (debts)
Synonyms: pay off
[verb] convert into cash; "I had to liquidate my holdings to pay off my ex-husband"
[verb] settle the affairs of by determining the debts and applying the assets to pay them off; "liquidate a company"