/ˈlɪkwɪdeɪtˈ/ – Verb
Definition: 1. thanh toán, thủ tiêu, giải thể, thanh lý;
2. xác định tổng số tiền;
3. trả nợ.
A more throughout explanation: In legal terms, “liquidate” means to convert assets into cash or to settle debts by selling off assets. It can also refer to the process of winding up a business or company by selling off its assets to pay off its debts and distribute any remaining funds to shareholders or creditors.
Example: The company decided to liquidate its assets in order to pay off its debts.