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liquidate (v.)

1570s, of accounts, "to reduce to order, to set out clearly" (a sense now obsolete), from Late Latin or Medieval Latin liquidatus, past participle of liquidare "to melt, make liquid, make clear, clarify," from Latin liquidus "fluid, liquid, moist" (see liquid (adj.)). Sense of "clear away" (a debt) first recorded 1755. The meaning "wipe out, kill" is from 1924, possibly from Russian likvidirovat, ultimately from the Latin word. Related: Liquidated; liquidating.

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Definitions of liquidate from WordNet

liquidate (v.)
get rid of (someone who may be a threat) by killing;
The mafia liquidated the informer
Synonyms: neutralize / neutralise / waste / knock off / do in
liquidate (v.)
eliminate by paying off (debts);
Synonyms: pay off
liquidate (v.)
convert into cash;
I had to liquidate my holdings to pay off my ex-husband
liquidate (v.)
settle the affairs of by determining the debts and applying the assets to pay them off;
liquidate a company
From wordnet.princeton.edu